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![Downsizer contribution measure eligibility has been extended.](https://images.squarespace-cdn.com/content/v1/613802bb301c037597cbdee3/1694066152133-ZD7R8GJXE289P7OYL65G/Web+-+Downsizer+contribution+measure+eligibility+has+been+extended.png)
Downsizer contribution measure eligibility has been extended.
The downsizer contribution concession was introduced to allow older Australians selling an eligible dwelling to make additional contributions into their superannuation fund.
![Proportional indexation of transfer balance caps from 1 July 2023.](https://images.squarespace-cdn.com/content/v1/613802bb301c037597cbdee3/1694065539691-5HOC68ASTCXGSBJVH4AQ/Web+Proportional+indexation+of+transfer+balance+caps+from+1+July+2023.png)
Proportional indexation of transfer balance caps from 1 July 2023.
The ATO reminds taxpayers that, from 1 July 2023, the general transfer balance cap will be indexed.
Individuals will have a personal transfer balance cap between $1.6 and $1.9 million, based on the highest ever balance of their transfer balance account between 1 July 2017 and 30 June 2023.
![Transfer balance cap indexation.](https://images.squarespace-cdn.com/content/v1/613802bb301c037597cbdee3/1681448353082-0ROJOMT74Q2SZW33SSF6/Web+-+Transfer+balance+cap+indexation.png)
Transfer balance cap indexation.
An individual’s transfer balance cap (‘TBC’) determines the maximum amount they can commit to a retirement phase interest in their super fund, such as an account-based pension, without being subject to penal taxation.