Superannuation Downsize Incentive is it a good idea?

Superannuation Downsize Incentive

Is it a good idea to downsize your home to upsize your super? By Rachel Lane Since 1 July 2018 Australian seniors have been able to make what is known as a “Downsizer Contribution” to their superannuation fund of up to $300,000, which means if you are a couple, you could get a combined $600,000…

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Top financial tips for downsizing

Top tips for downsizers

Downsizing is an exciting time that normally sees significant changes to your lifestyle and your budget. Here are our Top 5 tips for anyone thinking about downsizing… 1. Find a community you want to be a part of While normally in real estate the advice is “location, location, location” and proximity to family and friends…

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downsizer contributions for retirement

Enhancing Retirement Outcomes Using Downsizer Contributions

Legislation to make superannuation downsizer contributions has now passed enabling individuals who are 65 or over to contribute proceeds from the sale of one eligible property to superannuation without needing to satisfy the work test. The new rules provide more flexibility for retirees to fund their retirement using capital released from their homes. From July…

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five things to consider before you decide to on a retirement sea change

Five things to consider before a sea or tree change

Before you swap your briefcase for a beach towel, have you thought carefully about what life in a quieter location will really be like? If you’ve spent most of your life in the fast lane, retirement might be your chance to change gears. And if you’re considering a sea or tree change, you’re not alone….

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