What Is Superannuation?
Superannuation is a compulsory savings system designed to fund your retirement. Employers contribute 11% of your salary into your super fund.
Types of Contributions
- Employer Contributions: Mandatory under the Super Guarantee.
- Voluntary Contributions: You can top up your super to boost savings.
- Salary Sacrifice: Pre-tax contributions that reduce taxable income.
Choosing a Fund
Compare fees, investment options, and performance. Use MoneySmart to evaluate your options.
Accessing Your Super
You can access your super when you reach preservation age (between 55–60) and retire. Early access is allowed in limited circumstances.