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DomaCom completes integration with BGL | Money Management


The integration with BGL was a major milestone for DomaCom that built upon the Australian Tax Office (ATO) ruling on downsizer contributions last year.
The ATO’s Administrative Binding Advice confirmed part disposal of a home for downsizer contributions, which meant that a person could dispose of part of their home under DomaCom’s Senior Equity Release platform and still be eligible to make a downsizer contribution.
The ability to contribute the proceeds of downsizing part of a home into superannuation was one of several measures announced in the 2017-2018 Budget to reduce pressure on housing affordability in Australia.
From 1 July, 2018, eligible people aged 65 or over had been able to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling all or part of their home. ....

Ron Lesh , Arthur Naoumidis , Corporate Solutions , Simple Fund , Australian Tax Office , Binding Advice , Senior Equity Release , Simple Fund 360 , Downsizer Contributions , ரோன் லேஷ் , பெருநிறுவன தீர்வுகள் , எளிய நிதி , ஆஸ்திரேலிய வரி அலுவலகம் , மூத்தவர் பங்கு வெளியீடு , எளிய நிதி ,