What is the downsizer contribution?
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The downsizer contribution is a strategic opportunity for Australians aged 65 and over to boost their superannuation savings by contributing up to $300,000 from the sale of their home. This initiative allows seniors to use the proceeds from selling their primary residence to enhance their retirement funds, providing a significant financial boost and potentially improving their retirement lifestyle. It’s an effective way to leverage the value of your property to secure a more comfortable retirement while benefiting from potential tax advantages. Understanding and utilising this contribution can be a valuable step in optimising your retirement planning.
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