Downsizer contribution into super form

About the Downsizer contribution into super form

You must provide this form to your super fund before or when you make a downsizer contribution from the proceeds of selling your home.

Some super funds provide their own version of this form. If so, it must include all the information the approved form contains. Please check with your fund. The following information applies to all versions of the Downsizer contribution into super form ('the form').

Note: Your super fund can't accept the form if it is provided after the contribution is made.

How and when to use this form

Before you complete the form or make a contribution, please read our Downsizer Super Contributions information to ensure you meet the eligibility criteria and understand what you are required to do.

• You must provide the form to your super fund before or at the time you make your downsizer contribution – don't send the form to the ATO.
• If you don’t provide the form to your super fund, or if it is provided after you make your contribution
  • your super fund may not be able to accept your personal contribution under their acceptance rules. If so, they must return it to you
  • if your personal contribution is accepted, it will count towards your non-concessional contributions cap.
• Contributions must be made within 90 days of receiving the sale proceeds (usually the settlement date), unless an extension has been approved by the ATO.
• If making multiple contribution payments, a separate form is required for each payment.
• The form may be completed by you or your agent, intermediary, authorised officer or authorised representative.

By submitting the form, you declare you meet all eligibility requirements.

Download the form

Download the Downsizer contribution into superannuation form (PDF, 215KB)This link will download a file

For more information see:

• Downsizer super contributions: how to save more in your super
• Moneysmart.gov.au Downsizer super contributionsExternal Link

Super funds – approved forms

Super funds may choose to design their own form which can be made available to members on their website.

To be an approved form, the form must contain the following elements:

• member or account holder’s superannuation fund details
  • name
  • ABN
• details of individual member / account holder
  • account number or client identifier for their fund
  • tax file number (TFN)
  • full name
  • address
  • date of birth
  • phone number
• details of the member’s legal representative (if any) including
  • full name
  • address
  • phone number
• amount of downsizer contribution
• details of person making the signed declaration including
  • full name
  • address
  • phone number
• acknowledgment that the individual meets all the eligibility requirements to make a downsizer contribution.

The form must contain a declaration with words to the effect of:

• if lodged by member / account holder
  • I meet all the eligibility requirements to make a downsizer contribution and declare that the information contained in this form is true and correct.
• if lodged by an agent, intermediary, authorised officer or authorised representative (in substance)
  • I am authorised by the applicant to give this information to the super fund
  • this form has been prepared in accordance with information supplied to me by the applicant of this form
  • I have received a declaration from the applicant stating the information provided to me to complete this form is true and correct.

The form must contain the member’s written or electronic signature.

Note: While a member’s TFN may be required by a super fund to accept the contribution, it is not a mandated field for the request to be in the approved form.

In addition to the required contents of the form, super funds may consider including key messages for members, which may include:

• Contracts of sale entered into before 1 July 2018 are not eligible.
• Before making a downsizer contribution you may wish to seek financial advice.
• Downsizer contributions will be included as a superannuation asset in the pension asset test.
• Any contribution amounts over $300,000 will be ineligible as a downsizer contribution.
• Downsizer contributions identified as ineligible will be re-reported as personal contributions which may result in you exceeding your non-concessional contributions cap.
• By signing this form, you are confirming that you meet all the eligibility requirements to make a downsizer contribution.
• Providing false or misleading information on this form may result in the ATO imposing an administrative penalty.