Will need the funds by late April at the latest. How is the $520 figure calculated? I can’t work it out in either 120 or 130 increments…i
On July 1 the concessional cap will jump from 30K to 32.5K. Non-concessional is four times that = 120K to 130K.
So, correction: if done this year you could do 120 + 3x130 = 510 (not 520K as originally quoted).
Again, each, if you are both eligible and have not used up any of that non-concessional cap previously and have sufficient space in your lifetime contributions cap into super.
Downsizer is on top of, and entirely separate from, the non-concessional.
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Ok gotcha now. The 120 would be pre June 30, and the 390 would be post July 1.
And zero tax implications? Sounds too good to be true
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Also have a think about how you can use this change to drastically lower your “death tax” from superannuation.
Search term for that is “recontribution strategy”.
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Strategy seems sound. Planner will do pesky tax calculations for you.
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Gotta look after those boomers 
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