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HOW SUPER WORKS

Look after your super now, so it looks after you

Page reading time: 1 minute

On this page
 * Look after your super
 * Up next in How super works

Super is a way of saving for retirement. Your employer must pay a percentage of
your earnings into your super account, and your super fund invests the money
until you retire.

There are lots of different super funds out there, and different types of
accounts. Find out how to compare super funds, find your lost super, and
consolidate funds into one.


LOOK AFTER YOUR SUPER

Your super is your money. Look after it by:

 * choosing an account with lower fees
 * comparing your fund's performance with others
 * combining accounts if you have more than one
 * checking your insurance before you change funds
 * knowing what’s involved before deciding whether to choose an SMSF
 * being wary of anyone offering to withdraw your super early

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   Refer to these for more information.

The links below provide more information on complaints and reporting scams:

 * Complain about a financial product or service
 * Report a scam
 * Report misconduct to ASIC

We don't lend money, arrange loans or provide personal financial advice.

If you are experiencing difficulties with money, the following pages can help:

 * Urgent help with money
 * No or low interest loans
 * Problems paying your bills or fines
 * Problems paying your mortgage
 * Find a financial counsellor

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UP NEXT IN HOW SUPER WORKS


 * CHOOSING A SUPER FUND
   
   How to compare and choose super funds
   
   5 min read


 * TYPES OF SUPER FUNDS
   
   Get to know your fund better
   
   5 min read


 * SELF-MANAGED SUPER FUND (SMSF)
   
   Understand if an SMSF is right for you
   
   4 min read


 * GETTING YOUR SUPER
   
   Find out when you can access your super
   
   2 min read


 * FIND LOST SUPER
   
   How to find lost super and what to do next
   
   1 min read


 * CONSOLIDATING SUPER FUNDS
   
   Combine your super into one account to save
   
   2 min read


 * TAX AND SUPER
   
   How super contributions, investments and withdrawals are taxed
   
   2 min read


 * SUPERANNUATION CALCULATOR
   
   Find out your super balance at retirement
   
   3 min read

 * 

 * About us
 * Contact us
 * Glossary
 * Media centre
 * Subscribe
 * Indigenous

 * Like MoneySmart on Facebook
 * Follow MoneySmart on X (formerly Twitter)
 * Subscribe to MoneySmart on Youtube
 * Follow MoneySmart on Instagram


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