The federal government has moved to further incentivise retirees to downsize their home through including the former home in its new downsizer contributions rules, meaning many more adviser clients over 65 could be eligible to make additional contributions to superannuation, according to IOOF.

There are a few different ways individuals can contribute money into superannuation for the benefit of their spouse. Taking advantage of these contribution options can help spouses achieve parity in relation to their respective super account balances over time and provide increased flexibility in relation to managing the transfer balance cap.