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Settlement Guide: what is superannuation?

Grey Nomads of the land (AAP)

Grey Nomads of the land (AAP) Source: AAP

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.


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By Ivan Leung

Source: SBS




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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.


Australian Taxation Office (ATO)

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


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