Super

Super Made Simple

Super is complex but lets try and make it as simple as possible.

What is superannuation  - Superannuation (or super) is a fund specifically designed to help you save and invest for your retirement.

Find my Lost Super - Finding and reclaiming super money that you may have forgotten about or didn’t know you had is a great way to make a difference to your super.

Consolidate my multiple super funds - Bringing your super together into one account (commonly known as consolidating) could save you money and get your super savings on track

Types of super funds - There are many different types of super funds, each with their own benefits and structures. It is worth understanding them as it will offer you more options and alternatives as you approach retirement.

Choosing your own super fund - With each Australian averaging just over two super funds, a good way to keep this number down is to choose your own when you start a new job and keep it for life.

How is super taxed - Super is taxed at a much lower rate than most other investments when compared to your marginal tax rate.

Accessing your super – Your super is persevered (locked up) until you meet a condition of release

A history of super - Australia’s compulsory superannuation system dates back to the introduction of the Superannuation Guarantee by the Keating government in 1992. However, the origins of super can be traced back to the late 19th century.

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