Gemma Dale

Please be super careful about your timing.

And I personally made this mistake.

I made a contribution on the 30th of June.

Well, it was to my own self-managed super funds.

And so I was like, it's fine.

It's an intertractor.

Well, the worst part about it was, and I should have known, it was my own fund.

It was within the same financial institution, but the account that was used by this particular institution for the super account didn't sit inside the bank system, which an ordinary customer wouldn't have known, but I should have known.

And don't do it on the 29th.

Of concessional contributions, yeah.

And it's just done, which is really nice.

Well, you used not to be able to do that either, though, as an employee.

You didn't have that option.

That's why I mention it, because people may remember the old system where, as an employee, you could only do it as salary sacrifice.

Now you can do it either way.

So there's also after-tax contributions.

These are harder to justify, I think, when you have cash flow challenges, right?

When you're younger and you don't have a lot of additional income, the idea of putting in money on an after-tax basis is hard.

But as you get closer to retirement and your cash flows hopefully improve, particularly if you have a windfall, you can, and we see this a lot where people sell a property, they downsize.

So there's a downsizer contribution that's quite attractive if you're older.