Selling a home is a major milestone, and knowing what to do with the proceeds is just as important as the sale itself. Getting professional advice after home sale can help you reduce tax, boost your super, and make informed decisions about your next steps. At MLS Financial in Penrith, we’ve been helping clients for over 20 years to navigate these opportunities and secure their financial future.
Here are some key areas to consider after selling your property.
If You’ve Sold an Investment Property
Selling an investment property often means facing a sizeable capital gain. The good news is that with the right strategy, there may be ways to reduce your taxable income and make better use of the proceeds by getting advice after home sale.
- Superannuation contributions: Depending on your age and contribution limits, directing some of the sale proceeds into super can reduce tax and grow your retirement savings.
- Tax planning: With careful structuring, it may be possible to minimise the immediate tax impact and set up your funds for long-term benefit.
💡 Example: We recently worked with a client who sold an investment property purchased 30 years ago. They faced a gain of more than $1 million, but with a tailored plan, we were able to reduce their tax bill by approximately $63,000 — and help them transition into retirement with confidence.
If You’ve Sold Your Family Home
For many, selling the family home is about downsizing and lifestyle planning. Whether you’re moving into something smaller or freeing up equity for retirement, a clear strategy helps ensure the proceeds support your goals.
- Funding your next property or creating a flexible investment portfolio
- Setting aside reserves for lifestyle needs such as travel, family support, or health expenses
- Superannuation downsizer contribution: If you’re aged 55 or over, you may be able to contribute up to $300,000 of the sale proceeds into super, boosting your retirement savings in a tax-effective environment.
💡 Example: A 72-year-old client of ours sold their long-time family home in Emu Plains and moved into a smaller property. With the excess funds, we used the downsizer contribution strategy to invest inside super, helping them generate extra retirement income and build a legacy for their children.
Why a Broader Strategy Matters
A property sale is also a good time to review your overall financial plan. Beyond managing the proceeds, it’s important to think about:
- Investment strategies
- Income needs in retirement
- Centrelink entitlements and eligibility
- Insurance needs
- Estate planning
- Asset structuring for the future
At MLS Financial, we pride ourselves on providing tailored advice that’s aligned with your goals and lifestyle.
Next Steps
If you’ve recently sold a property in Penrith or the surrounding areas, now is the perfect time to explore your options. The right strategies can help you make the most of your sale, reduce unnecessary costs, and set yourself up for long-term financial security. Contact us today to book a no-obligation conversation and see how we can help.
Written by:
Adrian Guy – BBus (Finance & Economics), MLS Financial
Disclaimer:
This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider speaking to a qualified financial planner before making any financial decisions. MLS Financial and Infocus Securities Australia Pty Ltd do not accept responsibility for actions taken based on this content.