There are a raft of conditions to consider when making a downsizer contribution that you need to keep in mind.
Given my wife and I are over 75, the only way of putting more money into super is the downsizer contribution.
I am nearly 60. Currently, I have a full-time job, three part-time sessional/casual jobs and a part-time consulting gig. Once you turn 60 you could commence a transition to retirement pension to achieve your aim here. Note, however, that these pensions have their earnings taxed identically to accumulation funds, so the benefit might not be as great as you expect. If the TTR enables you to make extra tax-deductible contributions, then you may come out in front.I have access to $140,000 that I do not need to invest at this time, but do not want to give away.
You could lend these funds to your children, ensuring there is documentation to make it clear that the money is not a gift. Within this documentation, you could make clear that the funds are to be returned to you at some point in the future.
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