The following was sent to me today.
cheers,
Donna
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
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
Donna