The downsizer superannuation contribution enables Australians 65+ to use the proceeds from their home sale to make an after-tax contribution of up to $300k into their super account. Any contributions made in this matter don’t count towards your regular before- or after-tax super contributions.
In order to make a downsizer super contribution, you must meet the following criteria:
You’re 65 or older
Your home is in Australia
Your contribution comes directly from the sale of your home
You make the contribution within 90 days after receiving the proceeds
You have made no previous downsizer contributions.
Your super fund can supply you with a Downsizer contribution into super form to get you started.