Superannuation is a compulsory form of saving for retirement required by law, to be paid from your employer to a super fund of your choice. These savings are commonly known as your “super”.
Your Super money is invested in cash, shares, property, and many other forms of investments according to your directions and within the relevant laws and if in a public offer funds, constrained by the investments of the fund. If you need help, getting advice from a licensed Investment Advisor (authorised representative of a Australian Financial Services Licensee) or also from an Accountant if you choose a SMSF.
Your Super receives favorable tax treatment in this savings environment in return for it being governed by the special tax and superannuation laws which your accountant or Adviser understands and can help you with. Remember a good Accountant / Advisor can take care of the paper work for you and provide you with valuable advice and guidance.
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