Eligibility age for downsizer contributions drops to age 60 from 65, from 1st July 2022

The government passed a measure in Feb 2022 to reduce the eligibility age for making downsizer contributions from 65 to 60 years, which will come into effect from 1 July 2022 this year.

Downsizer  contributions allow eligible individuals to make a contribution into their superannuation of up to $300,000 per person ($600,000 per couple) from the proceeds received from selling their home.

In order for a fund member to make these contributions, they must meet the eligibility criteria, which includes the proceeds from the home being either exempt or partially exempt from Capital Gains Tax (CGT) under the main residence exemption.

Click here to learn more about the ATO's guidelines on Downsizing contributions into superannuation.

We have put down few most common queries related to Downsizer Contribution for your ready reference as follows:

How can I benefit from a downsizer contribution to super?

Downsizer contribution to your super is beneficial as you recieve tax benefits on that amount. 


How much can I contribute?

You can contribute a maximum amount of $300,000 or lesser if the sale price of your home is below $300,000. You may make more than one contribution, but the total must not exceed the maximum specified limit.


Can my spouse contribute?

Yes, you may each make a downsizer contribution, even if your spouse was not on the title of your home. But the combined value of your spouse’s contribution and your own cannot exceed your home’s sale price.


Does this affect my Transfer Balance Cap?

Downsizer contributions are exempt from contribution rules but they still count toward the $1.7 million transfer balance cap.


Ensure that your SMSF strategies are backed up by a robust trustdeed...


Our trustdeed allows trustees to accept downsizer & first home super saver scheme contributions from members. Trustees may accept downsizer contributions from members who are over 60 years old (from 1st July 2022) ignoring any work test requirement or total superannuation balance, provided the contribution is from sale proceeds of members' dwelling in Australia, which is their main residence. Please see below for the range of products we offer for a Self Managed Superannuation Fund:


Set up a Self Managed Super Fund

  • Our comprehensive and blended application form can set up your Super fund along with Corporate Trustee through a single application process.


Update your existing SMSF deed 

  • Our SMSF deeds are up-to-date with all legislative changes and professional drafted to simplicity.
  • You can buy a single Update or 5-year unlimited updates


SMSF Tools

  • Add member
  • Delete Member
  • Change Individual to Corporate Trustee
  • Change Corporate to Individual Trustee
  • Declaration of Trust
  • SMSF Loan Agreement
  • Binding Death Nomination


Account Based Pension

  • Commence Account Based pension
  • Transition to Retirement - Account Based Pensions


SMSF Borrowings

  • Setup a Property Custodian Trust - Internal or External Lender


Click here to learn more about our bouquet of products offered and our competitive pricing options.

Please contact us on (02) 96844199. Our highly trained Australian customer support staff is always accessible during working hours to assist you with close to zero waiting time on call or an ONLINE CHAT. Mind you - we use real humans on our side of the communication portal and not robots. This will give you a real time experience of dealing with someone who can understand your query and solve it for you within minutes.

Upcoming Event - Accounting Business Expo

 We are excited to invite you to visit us at the Accounting Business Expo - Australia’s Premier Exhibition and Conference for the Fast Changing World of Accounting, Business, Finance and Money. Accounting Business Expo is the best place to keep up to date with all the developments in the accounting and finance industry

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Venue: ICC Darling Harbour, Sydney.

Event Dates: 28 - 29 April 2022

Our Stand: F06

DONT MISS OUR SPEAKER SESSION ON 28th April 2022 at 13:00 at Expensify Theatre

Our Technical Director, Manoj Abichandani will share his insights on:

"Cryptocurrency & Wealth Management - How to accumulate multiple Property Portfolio in a Self Managed Super Fund"

A must attend session !!!

Make sure you take the time to plan your day so you get the most out of the Expo. 

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