Smarter SMSF

Smarter SMSF header image 1
September 18, 2017  

Episode 20 - Downsizer Contributions

September 18, 2017

In this week's podcast, Aaron Dunn from The SMSF Academy discusses the proposed new Downsizer Contribution rules that were announced in the 2017-18 Federal Budget and are currently before Parliament, with a commencement date of 1 July 2018 (once through both Houses of Parliament and has received Royal Assent).

The downsizer contribution rules introduce new requirements for making contributions, in particular as the qualifying age is 65 years and older.  In this podcast, Aaron explores the eligibility reuqirements for making the contributions, including the 10 year ownership period rules, along with potential issues and strategies that may confront individuals looking to utilise these rules once legislated.