Superannuation

Superannuation is a retirement savings system where employers, employees, and sometimes the government contribute money into a dedicated fund throughout your working life. This fund grows over time through investments, helping you accumulate wealth to support yourself financially after you stop working. When you retire, you can access this money as a steady income or lump sum, providing financial security in later years. Essentially, superannuation is a long-term savings plan designed to ensure you have funds available when you’re no longer earning a regular salary.