I am 65yrs old, on 26 Jan 2021 I sold my apt and put $300K in my super using downsizing rule. My freind told me you need to be 67 and over to use downsizing rule. Ive read ATO rules on eligibility and believe I can contribute at age 65 under downsizing . Please confirm if Im correct .
I am 65yrs old, on 26 Jan 2021 I sold my apt and put $300K in my super using downsizing rule. My freind told me you need to be 67 and over to use downsizing rule. Ive read ATO rules on eligibility and believe I can contribute at age 65 under downsizing . Please confirm if Im correct .
Your friend is getting mixed up with the work test - age for downsizer = 65.
I am 65yrs old, on 26 Jan 2021 I sold my apt and put $300K in my super using downsizing rule. My freind told me you need to be 67 and over to use downsizing rule. Ive read ATO rules on eligibility and believe I can contribute at age 65 under downsizing . Please confirm if Im correct .
Your friend is getting mixed up with the work test - age for downsizer = 65.
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