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  • How much you can contribute

    You can make a downsizer contribution up to a maximum of $300,000 (each spouse), but the contribution amount can't be greater than the total proceeds from the sale of your home.

    Example 1

    A couple, George and Jane, sell their home for $800,000. Each spouse can contribute up to $300,000.

    End of example

    Example 2

    A couple, Bruce and Betty, sell their home for $400,000. The maximum contribution both can make cannot exceed $400,000 in total. This means they can choose to contribute half ($200,000) each, or split it – for example, $300,000 for Betty and $100,000 for Bruce.

    End of example

    Example 3

    A couple, John and Fatima, sell their home for $600,000. Only John is on the title. Both John and Fatima meet all the other requirements, therefore both John and Fatima can make a downsizer contribution of up to $300,000 each.

    End of example

    Example 4

    Alisha has a portfolio of listed shares worth $150,000. She sells her home for $500,000. As Alisha meets all the other requirements, she can make a downsizer contribution of up to a maximum of $300,000 using a combination of her shares and cash.

    End of example

    Example 5

    Robert and Wendy decide to sell part of their home’s equity, allowing them to continue living in the home.

    Their home is currently worth $500,000, they sell 20% of the home’s equity, which is $100,000. They can make a Downsizer contribution of up to $100,000 between them, which they can split however they like including making contributions to multiple super funds.

    If they decide to sell more of the ownership interest in the property in the future, they will not meet the eligibility as they can only access the scheme in relation to one disposal of an ownership interest in the relevant home.

    End of example
      Last modified: 28 Feb 2022QC 67684