‘Downsizer’ superannuation contributions concession – age reduced to 55 from 1 January 2023
The age from which taxpayers can use the ‘downsizer’ superannuation concession has been reduced to 55, with effect from 1 January 2023. The measure was implemented by the Treasury Laws Amendment (2022 Measures No 2) Act 2022. People previously needed to be 60 or older to be eligible and, before that, it was 65. There is no maximum age…