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The Guardian - AU

National

Paul Karp

Coalition announces $300,000 super concession for over-55s who sell home

Scott Morrison Coalition

Scott Morrison — Scott Morrison will today officially launch the Coalition’s election campaign in Brisbane, six days out from the poll as it trails 54% to 46% in two-party preferred terms in the latest Newspoll. Photograph: Mick Tsikas/AAP

Australians over the age of 55 will be able to plow $300,000 into superannuation from the sale of their home, under a policy announced ahead of the Coalition campaign launch.

On Sunday Scott Morrison announced that up to 1.3m more empty nesters and pensioners would be able to access incentives that are designed to help people downsize to improve housing supply.

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