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  • Flexible super – reducing the eligibility age for downsizer contributions

    On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it will reduce the eligibility age for downsizer contributions from 65 to 60 years old.

    This measure is not yet law.

    From 1 July 2022, eligible individuals aged 60 years or older can choose to make a downsizer contribution into their superannuation of up to $300,000 per person ($600,000 per couple) from the proceeds of selling their home.

    See also:

      Last modified: 11 May 2021QC 65634