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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: Industry Leaders Collaborate to Launch Innovative Retirement Solution Industry Leaders Collaborate to Launch Innovative Retirement Solution
Wed, 23 Jul: In a significant move within the Australian finance sector, Insignia Financial's MLC has joined forces with leading insurance provider TAL and wealth group Challenger to introduce a ground-breaking ‘centre of excellence’ for retirement solutions. This initiative, centred around MLC’s new Retirement Boost product, aims to revolutionise how Australians manage their retirement finances. - read more
News thumbnail: AMP Superannuation Sees Positive Inflows Post-Royal Commission Turmoil AMP Superannuation Sees Positive Inflows Post-Royal Commission Turmoil
Tue, 22 Jul: AMP Limited has marked a critical milestone, announcing that its superannuation funds have witnessed positive net inflows for the first time since 2017. This turnaround follows the reputational challenges it faced during the Royal Commission into Misconduct in the Banking and Financial Services sector, which severely impacted AMP's standing as a favoured destination for corporate superannuation funds. - read more
News thumbnail: Call for Comprehensive Review of Group Insurance in Australia Call for Comprehensive Review of Group Insurance in Australia
Tue, 22 Jul: Super Consumers Australia is urging a thorough examination of group insurance policies due to a surge in mental health-related claims. The advocacy group is pushing for the Productivity Commission to conduct a comprehensive review, ensuring Australians receive value from the billions spent annually on life insurance premiums within superannuation. - read more
News thumbnail: Superannuation Resilience Amid Market Volatility in 2024-25 Superannuation Resilience Amid Market Volatility in 2024-25
Mon, 21 Jul: Superannuation funds in Australia have demonstrated their resilience, showing robust long-term investment performance despite market volatility, according to the latest Super Ratings results for the financial year ending June 2025. The data highlights strong returns, led by international technology and Australian financial shares, which have helped mitigate the challenges posed by fluctuating markets. - read more
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Article image: Maximise Your Superannuation: Strategies for a Comfortable Retirement Maximise Your Superannuation: Strategies for a Comfortable Retirement
Superannuation, commonly known as 'super,' is a crucial part of planning for a comfortable retirement. It serves as a long-term savings measure, gradually increasing in value to support you once you stop working. But what exactly is superannuation? - read more
Article image: Self-Managed Super Funds vs. Industry Funds: Which Is Right for You? Self-Managed Super Funds vs. Industry Funds: Which Is Right for You?
Superannuation, often referred to as 'super', is a cornerstone of financial planning for retirement in Australia. It is a mandatory savings system designed to ensure that Australians accumulate sufficient funds to support themselves in retirement, reducing their reliance on government pensions. - read more
Article image: The Ultimate Guide to Understanding Superannuation: What Every Australian Should Know The Ultimate Guide to Understanding Superannuation: What Every Australian Should Know
Superannuation, often referred to simply as 'super', is a critical component of the financial landscape in Australia. It is a system where money is placed in a fund during your working life to support you in retirement. The Australian government mandates super contributions to help ensure that citizens can look forward to a stable and comfortable retirement. - read more
Article image: Retirement Planning 101: Secure Your Future Now Retirement Planning 101: Secure Your Future Now
Retirement planning might seem like a daunting task, but it's a crucial step to securing your future. Many Australians find themselves wondering if they're doing enough to prepare for their retirement. Whether you're just starting your career, or nearing retirement age, taking the time to understand and plan for your future financial needs can make all the difference. - read more

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