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Showing 11 - 20 of 21 results for "downsizer contribution"

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
The government has moved on its election promise to scrap the $450 threshold for superannuation. Minister for superannuation, financial services, the digital economy and women's financial security Jane Hume said a bill introduced to Parliament yesterday ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
An Australian Institute of Superannuation Trustees policy expert has laid out just how much work super funds have ahead of them in dealing with the last two federal budgets. AIST head of advocacy Mel Birks updated the Conference of Major Superannuation ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... contributions, abolishing the work test for voluntary super contributions for 67 to 74 year-olds, lowering the downsizer contribution age limit to 60 from 65, providing a two-year amnesty for exiting legacy retirement products, relaxing residency requirements ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... advisers' December 2020 quarter survey found clients continue to query advisers about their eligibility for the downsizer contribution scheme nearly four years since it was introduced. The downsizer contribution, limited to $300,000 or $600,000 for ...

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... sell a part of their property under DomaCom's Senior Equity Release platform and be eligible to make a downsizer contribution. DomaCom chief executive Arthur Naoumidis said: "The ability for retirees to help themselves by modifying their personal balance ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...

FS Power50 names most influential advisers in 2018

STAFF WRITER  |  WEDNESDAY, 28 NOV 2018
... changing expectations to do right by their clients. "There's Eleanor Dartnall who helped push through the downsizer contribution reforms this year, Ben Nash who published a finance book for millennials and Charles Badenach who wrote a guide to help ...

Downsizer scheme gains ground

JAMIE WILLIAMSON  |  WEDNESDAY, 24 OCT 2018
... capital gains tax under the main residence exemption, your property meets the main residence criteria for a downsizer contribution," BTFG Advice technical consultant Tim Howard said. "Given there is some complexity involved in determining eligibility ...

Beware downsizer downsides

JAMIE WILLIAMSON  |  WEDNESDAY, 7 MAR 2018
... risk of coming unstuck if they don't adequately familiarise themselves with the rules. Commenting on the downsizer contribution allowable for over-65s from 1 July 2018, wealthdigital technical manager Rob Lavery said he is concerned many advisers are ...