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Superannuation

Superannuation in Australia
Superannuation advice and planning

Superannuation is a means of investing toward retirement.

Employers and employees can both contribute to superannuation in Australia ... and contributions are typically invested in the stock market, bonds, real estate, or other approved investment vehicles.

The money invested is subsequently paid to the member (or to the members' beneficiaries) on retirement, disability or death of the member either as a lump sum or as a pension or both.

Superannuation Guarantee

The Superannuation Guarantee came into effect in 1992, requiring an employer to contribute toward an employee's retirement through superannuation.

The Superannuation Guarantee (Administration) Act 1993 prescribed the employer contributions as a percentage of it's staff wages.

Employers are not required to contribute in some circumstances, e.g. for very low income earners, young workers not working full-time and workers over 70 years of age.

Employers may choose to contribute a higher amount than that prescribed as a means of employee incentive or reward or as part of a salary package.

There are some limitations on the tax deductibility of employer contributions for a given member and, therefore, professional advice should be sought before entering into these arrangements.

There are significant benefits in members saving toward their own future and Superannuation fund members may consider making contributions to superannuation in addition to employer contributions.

Individuals considering making personal superannuation contributions should seek professional advice.

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Financial News & Information

Latest Superannuation News
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News thumbnail: Employers to Shift Superannuation Contributions to Payday Starting 2026 Employers to Shift Superannuation Contributions to Payday Starting 2026
Fri, 20 Sep: Beginning July 1, 2026, employers will be mandated to align superannuation contributions with their employees' payday, deviating from the traditional quarterly cycle. This adjustment aligns with newly introduced payday superannuation regulations which aim to enhance retirement savings. - read more
News thumbnail: $4 Trillion Superannuation Sector: A Solution to Economic Turbulences $4 Trillion Superannuation Sector: A Solution to Economic Turbulences
Thu, 19 Sep: $4 Trillion in superannuation funds may soon become the cornerstone to navigating Australia's economic shifts, according to Treasurer Jim Chalmers. - read more
Recent Superannuation Articles
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News thumbnail: Superannuation Giants TelstraSuper and Equip Super Announce Potential Partnership Superannuation Giants TelstraSuper and Equip Super Announce Potential Partnership
Fri, 20 Sep: In a significant move within the superannuation sector, TelstraSuper and Equip Super are set to explore what they are calling a potential 'merger of equals'. This agreement signifies a strategic partnership that could reshape the landscape of super fund management in Australia. - read more
News thumbnail: Millennials' Avenue to Property Investment Advances with SMSFs Millennials' Avenue to Property Investment Advances with SMSFs
Fri, 20 Sep: In an evolving trend, more millennials are considering setting up self-managed super funds (SMSFs) as a strategic entry into the property market, financial experts have recently suggested. - read more
News thumbnail: Employers to Shift Superannuation Contributions to Payday Starting 2026 Employers to Shift Superannuation Contributions to Payday Starting 2026
Fri, 20 Sep: Beginning July 1, 2026, employers will be mandated to align superannuation contributions with their employees' payday, deviating from the traditional quarterly cycle. This adjustment aligns with newly introduced payday superannuation regulations which aim to enhance retirement savings. - read more
News thumbnail: $4 Trillion Superannuation Sector: A Solution to Economic Turbulences $4 Trillion Superannuation Sector: A Solution to Economic Turbulences
Thu, 19 Sep: $4 Trillion in superannuation funds may soon become the cornerstone to navigating Australia's economic shifts, according to Treasurer Jim Chalmers. - read more
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Understanding the intricacies of superannuation can often feel overwhelming. However, it's a crucial aspect of financial planning in Australia that can significantly impact your retirement years. This section will provide a straightforward guide to what superannuation is, why it's essential to manage it proactively, and address some common myths that might be inhibiting your financial progress. - read more
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Embarking on the journey towards a fulfilling retirement begins with understanding the cornerstone of your financial future—superannuation. An essential tool for Australians, superannuation is not just a safety net but a proactive strategy to ensure comfort and stability in your later years. Recognizing its centrality in retirement planning equips you with the insight to harness its full potential. - read more
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Preparing for retirement is a multifaceted process, requiring more than just saving a portion of your income. A successful retirement strategy leverages the power of diversification to ensure financial stability and growth over time. In this introductory section, we'll delve into the intricacies of retirement portfolio diversification and understand why it is essential for weathering the storms of economic volatility. - read more

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Important: Financial Services Online is a referral service. We provide general information only and we do not offer financial advice. We refer all insurance, finance and other enquiries that are initialted on this and our associated websites to specialist advisers who are licensed in their respective fields. You should always seek professional advice before making important financial decisions.
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