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

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

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?

Frequently asked questions about super

Frequently asked questions about super

If the ins and outs of superannuation leave you confused, the answers to these frequently asked questions will help you understand the basics. How much do I need to retire?…

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