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Contributing the proceeds of downsizing to superannuation

A person aged 65 years or older will be able to make a contribution into superannuation of up to $300,000 from the proceeds of selling their main residence. This contribution will be outside the current non-concessional rules.

A person aged 65 years or older will be able to make a contribution into superannuation of up to $300,000 from the proceeds of selling their main residence.

To be eligible to make the contribution, they must have owned their main residence for at least 10 years. This measure will apply from 1 July 2018. It is available to both members of a couple for the same home, even if only one is on the title deed.

These contributions are in addition to existing rules and caps and are exempt from the:

  • age test
  • work test, and
  • $1.6m total superannuation balance test

for making non-concessional contributions.


For further information please contact your RCB Advisors team member.

Source: Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017; Budget Paper No 2, p 28.​



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