The bill containing the measure to reduce the qualification age for downsizer contributions is one step closer to being passed into law.

Partial property sales can be used to make a downsizer contribution, but carving up land for the same purposes will not create eligible contributions.

Advisers are showing a high degree of interest in the changes to the downsizer contributions thresholds and the amendment to the work test rules.

A notice of intent for personal deductible contributions can only be varied downwards and revised timeframes may apply.

SMSF members drawing a pension can still use recontribution strategies to reduce tax within their fund and for future beneficiaries.