Should you downsize to boost your super? Pros, cons, and tax implications

Should you downsize to boost your super? Pros, cons, and tax implications

Superannuation

The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost.

But is the picture totally rosy, or are there some drawbacks to downsizing?

4 simple techniques to reduce your tax

4 simple techniques to reduce your tax

Updated on Tax

Here is a list of tips to help you minimise the amount of tax you pay this end of financial year: 1. Keep records Even if you use an accountant…

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