AustAsia Group

🏡 Boost your super before retirement with the downsizer contribution

If you’re aged 55 or over and considering selling your home, there may be a valuable opportunity to strengthen your retirement savings.

The downsizer contribution allows eligible individuals to contribute up to $300,000 (or $600,000 per couple) from the sale of their home directly into super, without the usual contribution caps or work test restrictions.

In our latest article, we explain:

✔️ Who is eligible for the downsizer contribution
✔️ How much you can contribute
✔️ Key timing rules and requirements
✔️ Important considerations before making a decision

This strategy can be a powerful way to boost your super balance as you approach retirement, but it’s important to get the details right.

👉 Read the full article here:

https://www.austasiagroup.com/news/investments/boost-your-super-retirement-savings-downsizer-contribution/

If you’re thinking about selling your home or want to understand how this strategy could benefit you, reach out to us today. As always, we’re here to help!

Boost your Super Retirement Savings Downsizer Contribution » AustAsia Group Aged 55 or more? Downsizing your home might be good for you.

Great to be at the UWA Careers Fair 👋

It was fantastic meeting so many students and chatting about careers in accounting, finance and taxation, along with internship opportunities at AustAsia Group.

Thanks to everyone who stopped by!

Great meeting so many students at the Curtin University Careers Fair today 👋

Thanks to everyone who stopped by the AustAsia Group booth to chat about careers in accounting, finance and taxation and our internship opportunities.

⚖️ Division 296 Changes to the Proposed Legislation: What You Need to Know

The government has introduced key changes to tax legislation affecting individuals with super balances over $3 million. The new rules, effective from 1 July 2026, will focus on taxing realised earnings (interest, dividends, capital gains from sold assets), not on unrealised gains that haven’t been actualized.

🔑 What’s changing?
Tax rates on realised earnings: 15% for balances between $3M–$10M and 25% for those over $10M.

The thresholds for these taxes will now be indexed to the Consumer Price Index (CPI) to prevent "bracket creep."

These changes align super fund taxation more closely with how other investments are taxed.

💼 Why is this better?
This approach is fairer and ensures that only actual income your super has earned will be taxed — no more taxing on “paper profits.” It’s also more predictable, avoiding a growing number of people being impacted by the tax over time.

📅 What should you do?
If your super balance is below $3 million, these changes won’t affect you. But if you’re above or approaching the threshold, it’s important to plan ahead and understand how these changes might impact your tax position from 2026 onwards.

👉 Reach out to us today for advice on how to best navigate these changes and protect your super balance.

Division 296 Changes to the Proposed Legislation » AustAsia Group The government will implement changes to its proposed tax on large super balances