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Coalition unveils policy to encourage older Australians to move into smaller homes

Pensioners, self-funded retirees and working older Australians are being offered new financial incentives to sell their family home earlier and downsize to something smaller. Key points: Scott Morrison will announce the policy at the Liberal campaign launch in Brisbane on Sunday The policy will extend a tax break that allows certain proceeds from a home sale to be transferred to superannuation Proceeds from the sale will be exempt for another year for pensioners selling the family home under the policy The Prime Minister will use today’s Liberal campaign launch in Brisbane to unveil the new policy, aimed at freeing up larger…