There comes a time in your life when you’re ready to move to a smaller home. The kids might have moved out, or you may be looking at re-entering the property market.
We work with you to help you understand the most appropriate options for your personal situation. Then, we’ll develop a plan that sees you make the most out of your downsizing options, while ensuring you’re aware of the tax implications of and superannuation strategies involved with downsizing your home.
Over 40 years experience helping clients navigate their personal finances as they approach retirement.
We look at the whole picture and offer financial planning, wealth management advice, and lending advice to determine if a home downsizing strategy is right for you.
We have built a trusted network of property advisers, lending providers, and tax specialists to help with a downsizing decision.
Downsizing your home is a big step, so it’s important to us that you’re completely aware of all the options available to you. We take the time to empower you with the knowledge that you’re making the right choices.
If you’ve made the exciting decision to downsize your home, there’s a lot more to consider than simply selling a property.
Our team will help you consider all the important factors and ensure you understand all the options available to you. Whether it’s planning what to do with your downsizing money, or even determining your eligibility for superannuation contributions, we’ll ensure you maximise the value you receive from minimising your home.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Get expert support in downsizing your home.
Expert guidance and support in downsizing your home to provide peace of mind that you’re making the right choice.
Downsizing a home means something different to everyone, so there are many different reasons for doing it. While there is no strict rule on the best time to downsize a home, you can often tell when the time has come.
There are many reasons you’d be looking at downsizing, and a good time to do it is when it feels right to you. But be sure to check with your financial adviser to discuss your options.
The downsizer superannuation contribution enables Australians 65+ to use the proceeds from their home sale to make an after-tax contribution of up to $300k into their super account. Any contributions made in this matter don’t count towards your regular before- or after-tax super contributions.
In order to make a downsizer super contribution, you must meet the following criteria:
Your super fund can supply you with a Downsizer contribution into super form to get you started.
No, once you sell your home what you do next is your choice. You don’t need to buy a new home with the proceeds of your sale—you don’t need to use the money towards property, or even use it at all.
Selling your property doesn’t impact your ability to access the Age Pension, or your super pension under the assets test. Age Pension eligibility is based on the value of your assets and income at the time of the test. When selling your home, the proceeds from the sale are exempt for up to 12 months, as long as you plan to buy again, renovate, or build. It may impact your income though, so check with your financial adviser to discuss your options.
Selling a business is a big decision. It’s the end result of years of hard work, so you want to make sure you do it right.
We help you review your SMSF investment strategy so it’s appropriate for weathering a low yield environment. Click here to see how to do it.