Superannuation
Australia's compulsory retirement savings system. Your employer pays a percentage of your salary into a super fund you control.
Super is money set aside during your working life to fund your retirement. For FY 2025-26, employers must contribute 12% of your ordinary time earnings (the Superannuation Guarantee).
You can also make voluntary contributions — either pre-tax via salary sacrifice (taxed at 15%) or after-tax (no extra tax going in). Concessional contributions are capped at $30,000 per year, including the SG amount.
Investment earnings inside super are taxed at 15%, and most of your balance can be withdrawn tax-free from age 60. That tax treatment is what makes super such a powerful long-term wealth builder.
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