From 1 July 2018, retirees will be eligible to make superannuation ‘downsizer’ contributions. This new super measure became law on 13 December 2017 and will allow an individual aged 65 and over to use the proceeds in relation to one sale of their main residence to make ‘downsizer’ contributions of up to $300,000 (or $600,000…

Over the past two decades in Australia we have experienced the federal government’s policy shift for citizens to become more self-sufficient in their retirement. The move by the government is intended to reduce the pressure on social security system given that we are faced with an ageing population issue. The effects of this move have…

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