Superannuation

Superannuation is a way of saving for your retirement by putting money into an account where interest may be accumulated throughout your working life which you can use to live on when you retire.

Your super may become your main source of income once you retire and that’s why it’s important to have superannuation and add to it whenever you can so you’ll have enough money saved up to be able to live comfortably in retirement.

Superannuation is governed by law and that law states that your employer must pay superannuation contributions for you, on at least 9% of your wages. This money is not taken from your wages, but is a benefit paid on top of those wages. You usually can’t withdraw your super until you reach a certain age (generally 60 years plus)

You can also boost your superannuation savings by making voluntary contributions and taking advantage of the government co-contribution, or through salary sacrifice - both of which offer attractive superannuation tax concessions.

AustralianSuper is one of the largest industry superannuation funds in Australia, with over 1.4 million members drawn from over 120,000 workplaces and in excess of $30 billion in funds under management. We offer low fees and strong long term investment returns

Join AustralianSuper now to help make the most out of your retirement savings.

Tax Benefits that come with super

Super is an attractive investment with tax concessions that encourages people to save. This generally results in people paying less tax than if their money was invested outside of super. Learn more about superannuation tax.

Visit AustralianSuper's superannuation website to learn more about superannuation.