Unlock Opportunities When You Downsize
Whether you are selling your principal place of residence to downsize from a larger property to reduce maintenance time and expenses, move closer to family and medical services, or fund aged care costs, a review of your existing financial position should be completed, as downsizer advice may be available to you.
We’ll review your tax position, investment strategy, and estate planning—you may be eligible for tax benefits when you downsize.
Downsizer advice may be considered because you have surplus funds following the sale of your principal place of residence, or the change in living circumstances requires a more comprehensive review of your overall position. How to invest these proceeds and possibly address broader matters, including existing estate tax considerations, all depends on your financial situation.
When you downsize, you often unlock surplus funds—but the real opportunity lies in how you deploy them. We help you capture tax benefits, restructure your portfolio, and align your wealth with your retirement goals.
Downsizing advice opportunities are generally triggered if you have been residing in your principal place of residence for over 10 years, and are eligible to receive at least a partial capital gains tax discount, as the property is sold.
The resulting course of action and advice direction will be driven by your individual circumstances, and we maintain the expertise to provide comprehensive retirement and investment advice.
Let’s talk about what downsizing means for your future. Contact Pollock Financial Planning today to speak to a financial adviser.