From 1st July 2018, people aged 65 and over can make a contribution to their superannuation of up to $300,000 from the proceeds of selling their home.
Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps.
The downsizer contribution can still be made even if you have a total super balance greater than $1.6 million.
Call us to discuss if this option may be right for you. Read the full article by the ATO.