Gemma Dale

That's a really difficult story to sell.

You have less income.

You should put more of it away.

Yeah.

So there's a multitude of different ways you can contribute more.

And there have been incentives over time to do that.

I mean, the most obvious incentive is that superannuation is taxed less than income and most other assets over time.

There are anomalies at different times.

But

So you're paying 15 cents in the dollar going in, but that's compared if you're claiming a tax deduction for it.

So this is really important.

So you get a limit each year, 30 grand, of the amount that you can contribute to super on a pre-tax basis.

And that includes your employer contributions.

Most people don't even come up to that balance.

Yes.

So you've got to make sure.

And the lovely thing is that your employer will note on your payslip how much has gone into super for the year.

So you can track it and make sure that you don't

you know, accidentally go over the limit.

The other thing that's lovely is that you can make lump sum contributions on the 29th of June.