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Showing 1 - 7 of 7 results for "Downsizer Scheme"

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... further 10,000 dwellings will be provided for frontline workers. The government is also expanding access to the downsizer scheme for those aged 55 to 59. Expanding access to the downsizer scheme for those aged 55 to 59 could help older women downsize ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... exemption of home sale proceeds from pension asset testing extended from 12 to 24 months. Further, access to the downsizer scheme will be expanded to those aged 55 to 59. However, ISA said the government did not take the necessary action to fix the average ...

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
The Morrison government has said it will expand the downsizer superannuation scheme by reducing the minimum eligibility age if re-elected this weekend. At present, the downsizer superannuation scheme is only available to those aged 65 years and over. ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... 2021, which also contained two other key super reforms. Also effective July 1, the eligibility age for the super downsizer scheme will be lowered to 60 from 65 and the super contribution work test for those aged 67 to 74 will be removed, allowing older ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... longer being required to meet a work test before making voluntary contributions to super from July 2022 and the downsizer scheme being extended to those aged 60 and over. Currently, it is only available to those 65 and over. Changes to the Pension Loan ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... Australians to contribute more to their super as one of its budget initiatives, this is being referred to as the Downsizer Scheme. The Association of Superannuation Funds of Australia (ASFA) was quick to throw its weight behind this move. "The removal ...

Downsizer scheme gains ground

JAMIE WILLIAMSON  |  WEDNESDAY, 24 OCT 2018
The recently introduced downsizer contributions strategy is gaining traction, with the new scheme topping the list of adviser queries for the September quarter. BT Financial Group's technical team fielded about 3000 queries over the quarter, a significant ...
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