How super works

How super works


While you work

Employer
Compulsory contributions made by your employer on your behalf.

Personal
Can be made regularly from before-tax pay (salary sacrifice) or from your after-tax pay. Can be one-off lump sum payments from after-tax money.

Government
Made by the Government to your super fund provided you have made an after-tax contribution, lodged a tax return in the financial year that you made the contribution and your assessable income is below the maximum eligibility threshold.

Returns and fees
Your super is invested and returns are credited to your principal. During this time there are also taxes, fees and investment losses that are incurred and charged to your account.


When you retire

Pension
Regular withdrawals, just like a weekly income.

Lump sum
A one time withdrawal of your super savings.