The Students' Club

Questions & Answers

What is Super?

  Super is money earned over your lifetime and deferred until retirement.

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Super

How does super work?

  When you start to work, your employer must pay to your chosen super fund a part of your salary or wages.

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How Super works

What is a Super fund?

  A Super fund is an organisation that invests your money into various things such as shares, property and managed funds to increase your retirement savings.

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Choosing a Superfund

What types of Super funds exist?

  There are many Super funds, so you can choose the most suitable for you.

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Types of Super funds

Superannuation calculator

  Can help you to understand how much super you will have in retirement.

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Superannuation Calculator

What is a super contribution?

  Super contributions:

• employer contributions - employer pays money to your super fund;
• personal contributions - you can contribute money to your super fund;
• government co-contributions - help for low-income earners.

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The super contributions

What fees may super funds charge?

  Super funds may charge various fees to manage your account.

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Super fees

Super & Tax

  Your Super can be taxed:

• Tax on contributions;
• Tax on benefits;
• Tax on withdrawing super.

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Super & Tax

 Did you find mistakes?

 Please feel free to relay your comments, suggestions or corrections, in case of omission or mistake.

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