Learn how super works

We've put together a short four-minute video explaining superannuation. If you can, make sure you are on WiFi so it doesn't take all your data!

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Superannuation fast facts

It's for the long term

You will generally have to wait until you're 60 to access your super. After all, it is designed for your retirement.

Your employer has to pay it

Your employer has to pay 10.5% of your wage into your super account.

Early access

In some cases you can access super early. But that's only if you have a good reason like financial hardship, compassionate grounds or medical illness.

Irene Smiling Face
Aunt Viv says to always make sure that your boss is paying you super. Have a look at your payslips, the letters from your superannuation company or keep track via MyGov. 

Where does your money go?

Your money is handed to a superannuation fund to invest it on your behalf.  Their job is to do what’s best for you to build up your money for your retirement. Below are the four areas that a super fund may invest your money.

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Putting it into a term deposit with the bank that pays interest.



Buying bonds from governments or big companies around the world.



This usually means big property like shopping centres, offices in the city, or hotels.



Buy ownership in big companies like banks through the stock exchange.

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