Super is money for your future retirement.

The super system helps you save money so you can do the things you want when you retire.

The money comes from compulsory employer contributions paid into your super fund by your employer. This is called the superannuation guarantee and your employer must pay it because the law says so.

The compulsory employer contributions are invested by your super fund so they can grow over time.

You can also make extra contributions of your own to help increase your super.

Sometimes the government may add to it through co-contributions.

What else do I need to know?

• Most employees can choose the super fund their employer pays their super into.
• It’s never too early to start, so start contributing to your super savings today.
• The more money you put in today, the more money you will have for your future.
• You also have the option of purchasing life insurance through your super fund. Make sure you only pay for a cover that you need.
• Check out more information, including eligibility criteria and choosing a super fund at: Guide to superannuation for individuals.

When can I access my super

• Usually, if you reached your preservation age and have retired from the workforce.
• Preservation age is the minimum age when you can access your super benefits.

What you can do

• Talk to your employer if you are concerned about the amount of super they are contributing for you.
• If you have more than one super fund, you will be paying administration fees for each fund. Consolidating your super into one account will maximise your super savings.
• If you don’t know where all your super is, check out the ATO’s SuperSeeker.
• Review your annual super statement and think about what else you can do to boost your super.
• Want more information? Go to the ATO website: Super - your money, your future.