Contributions

This information sheet provides a basic overview of the restrictions placed on trustees of super funds when accepting contributions from or in respect of members. The information provided is of a general nature only and should not be relied upon in lieu of specific professional advice. Legislation may also be subject to change.

A downsizer contribution is a superannuation contribution which is made from the sale proceeds of a property (ie real estate). The contribution must be made by the person who is the current or former owner or part owner of the property. The contribution can be made by an owner for themselves or for their spouse.

In simple terms a downsizer contribution is a superannuation contribution which is made from the sale proceeds of a property (ie real estate). This resolution applies only to downsizer contributions made by a contributor for their spouse.

The purpose of the Written Resolution is to accept a non-concessional contribution or contributions made by or on behalf of a member of the Superannuation Fund.

A spouse contribution is a superannuation contribution which is made by a contributor in respect of a member who is the spouse of the contributor. This applies only to non-concessional contributions made by an individual for their spouse under certain conditions - please see the SUPERCentral details page for more information.

If a member suffers a personal injury then the member may contribute all or part of any compensation amount received in respect of that personal injury to a superannuation fund as a contribution for them. It can be used by both corporate and individual trustees and the LPR may sign the form on behalf of the member.