What is superannuation, and why is it important for you?

Piggy bank

About a quarter of all super account holders in Australia end up with multiple super funds, paying unnecessary fees and premiums. Source: Getty Images

Superannuation is a mandatory savings scheme designed to help Australians save money that they can use in retirement. However, experts warn that migrant workers who do not pay attention to their super may be losing their savings to unnecessary fees and charges.



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