75+ downsizers can contribute to superannuation after selling a 10+ year main residence, within 90 days and value limit.
Article summary: Downsizing into a more expensive home may still allow for a downsizer contribution to superannuation for those over 75. Eligibility criteria include the property being the main residence for 10+ years, contribution within 90 days of sale, and value not exceeding the sold property. No explicit stipulation on new property value, so check with super fund before proceeding.
June 01, 2024
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