Tag: downsizers

New rules to benefit those downsizing for retirement

New rules to benefit those downsizing for retirement Downsizers can now make an after-tax contribution to their super of up to $300,000, using the proceeds from the sale of their main residence. Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale of their main residence (up to $300,000) into super1. We take a look at what this could mean for you, bearing in mind that like with …

Blog / FP - Pre - Retirement Planning / FP - Retirement / FP - Super - Accumulation   / / / / / / / / / / / / /

New legislation aims to benefit first home buyers and downsizers

New legislation aims to benefit first home buyers and downsizers Changes aimed at improving housing affordability have passed through parliament. See what the new rules could mean for you. Government proposals around improving housing affordability in Australia were passed through parliament on 7 December 2017.i As part of the changes, first home buyers will be given a tax concession through the ability to save for a home deposit inside super, while Australians aged 65 and …

Blog / FP - Budgeting / FP - Credit & Finance / FP - Pre - Retirement Planning / FP - Property & Real Estate / FP - Retirement   / / / / / / / / / / / / / / /