WebThe normal criteria for making superannuation contributions do not apply when an eligible downsizer contribution is made. This means that: - no work test applies - the contribution is not limited by the total superannuation balance test; and - the contribution does not count towards any superannuation contribution caps. WebFeb 1, 2024 · Yes, couples can both benefit from the downsizer measure. Each of you can contribute up to $300,000, meaning that, as a couple, you can contribute up to a total of $600,000. This applies even if the house was only in one of your names. If the amount you have available to contribute is less than $600,000, you can choose to divide the ...
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WebJun 30, 2024 · 4. Higher contributions cap. The non-concessional contributions cap ($110,000 in 2024–23) is much higher than the concessional contributions cap … WebSuperannuation contributions are being take more badly, as the submit rate will be increasing from 9.5% to 12% over the next very years. If you wish to manage your contribution and having control about where to invest your money, an SMSF may be well by you. Annual statements ASIC flights to north perry airport
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WebFeb 21, 2024 · Non-concessional contributions bring-forward rule. The NCCs cap is $110,000. However, if you haven’t triggered the NCC bring-forward rule in the past two financial years and you were under age 75 at 1 July 2024, you may contribute up to $330,000 provided your TSB was less than $1.48 million at 30 June 2024 and up to … WebMay 12, 2024 · The 2024 federal budget included a number of interesting measures relating to superannuation contributions. Two of these relate to extending the period of time particular opportunities are available – bringing forward the eligibility for downsizer contributions to age 60 (from age 65) and extending bring-forward opportunities from … WebOther types of super contributions: 3 main types 1. Downsizer contribution. If you are aged 55 (see note below) or older and meet all the eligibility requirements, you may be able to make a downsizer contribution into your super account of up to $300,000 from the proceeds of selling your home (or up to $600,000 for couples). flights to north sea coast