Superannuation

Superannuation is a specialised type of investment designed to help you accumulate a significant level of savings for your retirement.

To encourage you to save for retirement, the Rules provide various tax concessions for super investments.

For most people, these tax concessions make saving through super more tax-effective than saving outside it, which means their savings may grow faster.

In return for the tax concessions, the rules restrict when and how you can access your super –generally you need to wait until you retire after reaching what is known as your ‘preservation age’.