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SMSF retirees with property

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  • SMSF retirees with property

    The following was sent to me today.

    SMSF retirees with property with the Australian Tax Office (ATO) confirming a part disposal of a home can work with a ?downsizer? contribution.

    What this means for SMSF retirees
    ? SMSF retirees can sell a part of their property to top up their super using the ?downsizer? contributions legislation
    ? SMSF retirees can top up their super and remain living in their home
    ? There is no upper age limit or contribution caps on making downsizer contributions which can be made when someone is 65 years or over including a self-managed super fund (SMSF) retiree

    Read DomaCom's ASX announcement here
    cheers,

    Donna
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