If you are aged 60 or over and have recently sold your home, you may be able to make a voluntary super contribution of up to $300,000 from the proceeds of sale. Eligibility criteria apply.

Downsizer contributions do not count towards contribution caps.

However, Downsizer contributions do count toward the $1.7m transfer balance cap for transferring super into the retirement phase.

There are a number of requirements to assess your eligibility for the Downsizer contribution. You can read more about the eligibility requirements on the ATO website here.

You should consider speaking with a professional financial advisor before making any financial decisions.