Super is a way of saving so that when you stop working, you can enjoy your well-earned retirement. The Government applies concessional tax rates and other incentives to super, making it a tax-effective way of saving for your retirement. Super funds look after your money and invest it in a range of assets like shares, property and bonds on your behalf.
Your employer makes compulsory contributions to your super account throughout your working life. You can make additional contributions too, which may change the amount you receive when you retire.