What is superannuation? - Squirrel

What is superannuation?

Superannuation is money for your retirement. Super contributions are mostly compulsory contributions made by employers on behalf of their employees.

The Australian Government strongly encourages everyone to make their own independent contributions towards their superannuation on a regular basis, and supports this with tax benefits.  

Most Australian employees are able to choose the superfund their employers make contributions to. This choice of fund includes self-managed super funds such as Squirrel’s.

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