Settlement Guide: what is superannuation?

If you are currently employed in Australia, your employer should be paying a proportion of every wage you receive into a superannuation fund. This may seem like another tax on your earnings, but it isn't. So what is the purpose of super, and how does it benefit you?Selina Kong and Ivan Leung report.

Grey Nomads of the land (AAP) Source: AAP

Australian Taxation Office (ATO)

www.ato.gov.au/calculators-and-tools/check-your-super/