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How does superannuation work?

Pink Piggy bank money concept on dark blue background

Pink Piggy bank stuffed with Australian money Source: iStockphoto

If you're hoping for a comfortable life in retirement, spend some time learning about your superannuation. Taking a few steps now could make a big difference to your future finances and lifestyle. Australia’s super system looks similar to funding retirement in Western Europe. However, one important difference is that contributions are not paid to the public purse but to almost 200 private insurers and superannuation funds...


Published

Updated

By Wolfgang Mueller

Presented by Branko Cvetojevic

Source: SBS



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If you're hoping for a comfortable life in retirement, spend some time learning about your superannuation. Taking a few steps now could make a big difference to your future finances and lifestyle. Australia’s super system looks similar to funding retirement in Western Europe. However, one important difference is that contributions are not paid to the public purse but to almost 200 private insurers and superannuation funds...



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