Guidance on Superannuation measure for downsizer contributions

The ATO has released a ruling and a guidance note on the measure allowing downsizer contributions to be made into superannuation funds. The ruling discusses these contributions and how the measure interacts with other income tax and superannuation concepts including: contribution caps superannuation fund acceptance rules, and capital gains tax (CGT). Generally, a personal contribution … Continue reading Guidance on Superannuation measure for downsizer contributions