Superannuation
Superannuation, or as it is most commonly called – super, is a special way of saving to provide yourself with an income when you retire. While there are other ways of saving for retirement, superannuation saving is different because it is linked with your employment.Most Australian employees receive an amount of 9% of their salary, called the ‘superannuation guarantee’ which is contributed to a super fund by their employer. Whilst you are working, your super savings grow because money is paid into your super account regularly, which can be invested through your super fund. Please read the FAQs for more information about super.
For more information about super and whether you will have enough for retirement, contact one of the financial planners at Intellichoice now on 1300 55 10 45 and get a FREE 30 minute review on your finances by a qualified financial planner.
