What is the Downsizer contribution?

If you are aged 65 or over and have recently sold your home, you may be able to make a voluntary super contribution of up to $300,000 from the proceeds of sale.

Downsizer contributions do not count towards contribution caps and you will not need to meet the work test.

However, Downsizer contributions do count toward the $1.7m transfer balance cap for transferring super into the retirement phase.

There are a number of requirements to assess your eligibility for the Downsizer contribution. You can read more about the eligibility requirements on the ATO website here.

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Future Super acknowledges the Traditional Custodians of the lands on which we operate and pay our respects to Elders, past, present and emerging. We recognise the enduring relationship Aboriginal and/or Torres Strait Islander peoples have with Country and that sovereignty was never ceded.

We stand for a future that promotes justice for Aboriginal and/or Torres Strait Islander peoples and profoundly respects and acknowledges their respective perspectives, culture, language and history.

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