Superannuation – What is it?

Super, or superannuation, is important because the more you save, the more money you will have in retirement. Super is a long-term investment which grows over time.

For most people, super begins when you start work and your employer starts paying a percentage of your salary or wages into a super fund account for you.

Your super fund invests and manages this money for you until you retire.

If you’re 18 or older and you earn $450 or more (before tax) in a calendar month, your employer must make superannuation contributions on your behalf.

If you’re under 18 and you earn $450 or more (before tax) in a calendar month and you work more than 30 hours in a week, your employer must also make superannuation contributions on your behalf.

For more information, click here

Superannuation Standard Choice Form

Use this form to advise an employer of your choice of super fund.
You must provide the required information so your employer can make contributions to your nominated super fund.

You can complete this form online here

 

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