Are you an employee able to exercise 'your right to choice of super' www.superchoice.gov.au. Would you like a superannuation product tailored to your needs and not to your employers?
Superannuation (Super) is a way of investing to help you achieve the income and lifestyle you want in retirement. Super is taxed favourably, especially when compared with most other investment alternatives.
At present, your employer must pay 9.25% of your salary into a super fund. This is called the Super Guarantee and it's the law. The Super Guarantee is gradually increasing and will be 12% by 2019.
Over the course of your working life, these contributions from your employer add up, or 'accumulate'. Your super funds can be utilised via various investment options to maximise your returns and build your nest egg in preparation for retirement.
Superannuation also offers you the ability to attach much needed personal insurances to protect yourself and your family in times of need. Funding the Insurance premiums via your superannuation may assist with cash flow and in some instances can be tax deductible.