SuperGuide

Superannuation and retirement planning information

Case study: Combining downsizer and non-concessional contributions

Case study: Combining downsizer and non-concessional contributions

Constant government tinkering with the super rules can be a source of frustration and confusion for fund members.

However, some changes can be good and the new super rules that are effective from 1 July 2022 bring opportunities for older Australians that were not available previously.

Read more on the new super rules for older Australians.

Some of the key changes are the removal of the work test for non-concessional contributions for people aged between 67 and 75, and lowering of the downsizer eligibility age from 65 to 60.

Note: The downsizer eligibility age has now been further lowered to 55, applying from 1 January 2023.

Read more about the work test and downsizer super contributions.

About the author

Aakash Mehta

Aakash Mehta is a financial adviser and has been working in the financial planning profession for more than 7 years. He has an undergraduate degree in commerce, a post-graduate degree in international finance and a diploma in financial planning. His day-to-day work exposes him to real life financial planning issues around superannuation, retirement, insurance and estate planning, and he contributes to SuperGuide by writing case studies and articles on various financial planning strategies.

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