Julie and Hendrix
Julie and Hendrix retire at 65 with a combined super balance of $414,210
Six months ago
|Julie and Hendrix sell their family home||+$800,000|
|They then buy a smaller apartment||-$400,000|
|They also invest in their grandchildren's education||-$50,000|
That leaves them with $350,000 from the sale. Using the downsizer contribution, they add $175,000 each to their super (total $350,000).* Their combined super balance increases to $764,210.
They invest their super in an account-based pension, balanced investment option, and receive an annual pension of $50,000 p.a., which could last till they’re 82 years old.