The eligible age to make so-called downsizer contributions to superannuation will drop for the second time this year, from 60 to 55, in a move designed to free up houses for young people and families.
The federal budget will take a $20 million hit over four years as the Albanese government increases the number of people who can participate in the scheme.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
