Hello Craig, I am awaiting the settlement of my house sale and should have about $1.2 million after costs.

As this was my long-held principal residence, am I able to make a downsizer contribution to super, as well as a non-concessional contribution?

My current accumulation balance is $1.5 million. Which sum should I contribute first?

I have read that the non-concessional contribution should be made first (to bump the total up to $2 million), followed by the downsizer of $300,000, as the latter can be added regardless of the total super balance. 

Is this correct? I am 71 years old and fully retired.

Thank you very much.

Patti

Hi Patti,

Yes you can make both an after-tax non-concessional contribution and a downsizer contribution to super.

For non-concessional contributions, you need to be under the age of 75 (including 28 days after the end of the month in which you turned 75).

If your total super balance was less than $1.76 million as at June 30, 2025, you can use the bring-forward rule and contribute up to $360,000.

For........

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