You might be eligible to make additional contributions to super up to $300,000 per person from the proceeds of the sale of your home.
The newly legislated ‘downsizer contribution’ rules, remove some of the barriers that prevent you being able to contribute extra money to super at the age of 65 or over.
Could you benefit from downsizer contributions?
If you’re thinking about selling your home, or former home after 1 July 2018 and have owned it for at least ten years, we can help you decide whether making downsizer super contributions is a suitable strategy for you and assess other options.
Keep in mind you need to make your downsizer contribution within 90 days of receiving the proceeds of sale to be eligible.
Please contact me on 08 8232 10 29 so we can arrange a review of your circumstances to see if this opportunity may help you achieve a better life style in retirement.
The Money Matrix Advice Pty Ltd
Authorised Representative of Synchron AFS Licence No. 243313
David Nelson and The Money Matrix Advice Pty Ltd are Authorised Representatives of Authorised Representative of Synchron AFS Licence No. 243313, an Australian Financial Services Licensee.
Important information and disclaimer
This document has been prepared by David Nelson and The Money Matrix Advice Pty Ltd (ACN 603 049 083) atf Fab Red Trust (ABN 75 535 431 319) Authorised Representatives of Synchron AFS Licence No 243313. Unless specifically indicated, the information contained in this email is general in nature and does not take into account your personal situation. You should consider where the information is appropriate to your needs, and where appropriate, see personal advice from a financial adviser. Authorised Representative of Synchron AFS Licence No. 243313
Information in this document is accurate as at 1 March 2018. In some cases the information has been provided to us by third parties. While it is believed the information in this document is accurate and reliable, the accuracy of that information is not guaranteed in any way.
Any general tax information provided in this document is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Address: Suite 1003/147 Pirie St, Adelaide SA 5000, Australia
Phone: (08) 8232 1029
Fax: (08) 8312 6037
The Money Matrix Advice Pty Ltd ACN 603 049 083 ATF Fab Red Trust T/as The Money Matrix is an Authorised Representatives of Synchron AFS Licence No 243313.Unless specifically indicated, the information contained in this webpage is general in nature and does not take into account your personal situation. You should consider where the information is appropriate to your needs, and where appropriate, see personal advice from a financial adviser.