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026-001 - Superannuation An Overview

In a nutshell, superannuation is a long term investment in a concessional taxed system designed to help provide for a person’s retirement. The purpose of superannuation is to provide taxpayers with an income when they retire. It also reduces the burden upon the government via reduced age pension pa ...Read more
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In a nutshell, superannuation is a long term investment in a concessional taxed system designed to help provide for a person’s retirement.

The purpose of superannuation is to provide taxpayers with an income when they retire. It also reduces the burden upon the government via reduced age pension payments and health costs as the life expectancy of Australians is increasing, whilst the workforce participation rate is expected to decrease in line with Australia’s ageing population.