If your super contributions have maxed out, there’s still an opportunity ahead to contribute further without breaking the rules.
They’re called the downsizer contribution rules and they’re about to be introduced to encourage older Australians to free up the family home. The rules will apply from July and if you’re eligible you could add a further $300,000 into super. That could be attractive to some, says tax expert Michael Jones, who outlines the downsizer contribution rules, who can benefit and how they’ll work.
Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs