Superannuation.com.au
Australians collectively hold $3.9 trillion in retirement savings through superannuation funds
Over time, your superannuation could become one of your biggest assets. It’s a good reason to start paying more attention to it.
It's important to know:
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What your superannuation fund balance is
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The amount of superannuation you receive each pay period
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Your super's annual returns (performance)
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What superannuation account(s) you have
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Fees & insurance associated with each account
The five-year average annual rate of return (ROR) for superannuation was 6.4%, up to March 2024 (APRA).
Types of super funds in Australia
Industry super funds
Public sector funds
Self-managed super funds (SMSFs)
Retail funds
Corporate funds
MySuper accounts
Facts about super in Australia
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The superannuation guarantee (SG) rate is increasing to 11.5% on 1 July 2024
You can check your super fund’s portfolio holdings to see what assets they invest in -
The majority of Australians (over 13.3 million) have only one super account
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Over 6 million Australians have two or more super accounts
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The money in your super fund is invested until you reach preservation age (between 55 and 60, depending on your birth date) or retire
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Some super funds automatically include life cover and total and permanent disability (TPD) insurance, while others will require you to opt-in to receive insurance