True. Very funny, too, allowing those over 65 to sell their large homes and put $300k of it into superannuation with no age restriction. Big deal. It is the pensioners who keep sitting on their big homes who are not prepared to give them and buy smaller who will then end up losing all or some of their pensions. This is where the problem lies. Already owner-occupied houses can keep growing in $ value and when sold, no tax is payable, anyway so how does it benefit those over 65 years of age to sell now, forfeit the tax-free capital growth component, just to get the opportunity to improve their superannuation amount, particularly given they can collect more pension if they are a bit short of funds or even do a reverse mortgage. That idea is super dumb and will only make this cohort of people very annoyed because they expected a better deal for themselves in this budget. Stupid government.
