Australian superannuation funds

Australian superannuation funds are savings plans designed to help individuals accumulate wealth for retirement. Employers are required to contribute a percentage of an employee's salary into a super fund, which is invested to grow over time. Employees can also add voluntary contributions. The fund's investments typically include shares, property, and fixed-income assets, aiming for growth and security. When you retire, the accumulated funds are accessible as a pension or lump sum to support your retirement needs. Superannuation provides tax advantages and is a key part of Australia’s retirement income system.