Contribution acceptance resolution (downsizer contribution - contributor for self)

Contribution acceptance resolution (downsizer contribution - contributor for self)

Product type:    Standard template | no legal review or advice

Price:  $88.00

In simple terms, 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 owner or part owner of the property.  
  • the property must be the current or a former home (ie main residence) of the owner.  
  • the contribution can be made by an owner for themselves or for their spouse.  

Once the property has been selected, only the sale proceeds of that property can be the source of the downsizer contributions.  The sale proceeds of another property cannot be used to top up any shortfall in the sale proceeds of the selected property. 

This template resolution applies only to downsizer contributions made by an individual for themselves, where:

  • the contribution is in cash (and not by the transfer of property);
  • the individual has provided his or her tax file number;
  • the individual is an Australian resident at the time of making the contribution; and
  • the individual is, at the time of making the contribution, aged 55 years or above.

This resolution is not suitable if any of the requirements listed above are not satisfied.  

It can be used by both corporate and individual trustees.

Please note:  This template is not appropriate for concessional contributions, non-concessional contributions, rollovers, transfers or contributions made from personal injury settlements or contributions relating to the 15 year or to the retirement CGT small business concessions.     These documents can be found in the SMSF tool kit listing

This document set includes:

  • Background notes to contributions
  • Written resolutions

Please note:  This template is not appropriate for concessional contributions, non-concessional contributions, rollovers, transfers or contributions made from personal injury settlements or contributions relating to the 15 year or to the retirement CGT small business concessions.     See the SMSF tool kit listing to access these template documents.

For superannuation funds governed by non-SUPERCentral or non-Townsends Business & Corporate Lawyers governing rules, please review the applicable trust deed and governing rules to determine if the template is suitable for the Superannuation Fund

© This document set provides a single use licence - please submit a new set of instructions for an additional downsizer contribution.

For assistance please call the SUPERCentral Help Desk on 02 8296 6266 or make an enquiry.

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