Superannuation



Superannuation is a way of saving for your retirement. You and/or your employer can contribute money to a superannuation fund, which you can normally access when you turn sixty. In most cases, your employer is required by law to pay an amount equivalent to nine per cent of your earnings into a superannuation fund of your choice. You can also contribute extra money into your superannuation. To find out if your employer is paying the right amount of money, check with your superannuation fund.

If you work for yourself, you should consider putting money into superannuation for your retirement.

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