Downsizer contribution¶

Definition. A downsizer contribution is a contribution to super, up to a set amount, that eligible people aged 55 or older can make from the proceeds of selling a home they have owned for a long time; it does not count towards the non-concessional (after-tax) cap.

In plain English¶

If you are 55 or older and you sell a home you have owned for many years, the ATO lets you put some of the sale money into your super as a downsizer contribution. The handy part is that it does not use up your normal after-tax contribution limit, so you can top up your super even if you have already used those caps. There are eligibility rules and a set maximum, which the ATO decides.

Related lessons¶

• Downsizer contributions

General information only — not tax, super or financial advice.