What is Superannuation fund??
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It is a compulsory system of placing a minimum percentage of your income into a fund to support your financial needs in retirement. Your super is invested in a range of assets to help grow your balance so you can have the best possible retirement outcome.
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sᴜᴘᴇʀᴀɴɴᴜᴛɪᴏɴ ғᴜɴᴅ ɪs ᴏɴᴇ ᴏғ ᴛʜᴇ ʙᴇɴᴇғɪᴛs ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ᴀɴ ᴇᴍᴘʟᴏʏᴇʀ. ᴄᴏᴍᴍᴏɴʟʏ sᴜᴘᴇʀᴀɴɴᴜᴀᴛɪᴏɴ ɪs ᴀɴ ᴇʟᴇᴍᴇɴᴛ ᴏғ ᴄᴏsᴛ ᴛᴏ ᴀ ᴄᴏᴍᴘᴀɴʏ , ᴀɴᴅ ɪᴛ ʙʀɪɴɢs ᴅᴏᴡɴ ᴛʜᴇ ᴛᴀᴋᴇ-ʜᴏᴍᴇ sᴀʟᴀʀʏ.
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