Gemma Dale

I won't go into too much detail on that, but it is a really good one.

There's a downsizer contribution, but you can also often, what we see with people is a seller property.

That's the usual example.

Seller property, you've got a capital gain that you want to reduce.

You can use your concessional contribution of $30,000, including your SG, to offset or reduce some of the assessable gain.

But the remainder you can contribute as a non-concessional contribution.

So this is an after-tax contribution.

And this is then inside super, the earnings on that are capped at 15 cents in the dollar.

which is really attractive rather than being taxed in your own name, any gains on that or any kind of income on that is taxed at your own marginal rate.

So it's very attractive as you get closer to retirement.

And we see a lot of couples doing this sort of thing where we've got a windfall close to retirement, we're sort of moving our assets around and we'll just split the contributions in half so you get some and I get some and we both benefit from increasing our super balances before retirement.

So those ones are capped as well, but you can do three years' worth in one year.

And they're pretty generous.

It's an asset in divorce anyway, right?

So there's no point trying to hide your contributions in super.

That was a strategy many decades ago and thank God that's gone too, right?

So if it happens that you don't make it, it's still an asset in the divorce.

It's not like you lost it if you contributed it to your spouse accounts.

It's all just considered part of the pool now.

Yeah, with any event.