Superannuation Funds
Superannuation is money that is invested to be accessed once people retire. Generally employers are required to pay superannuation where people are employed. Tax concessions and other government benefits aim to make superannuation an attractive way for people to invest for their retirement.
Most people won’t access superannuation until they retire. Exceptions may include cases of severe financial hardship, to avoid forced sale of a family home to fund medical treatment or where someone is incapacitated and can no longer work.
Laws about Superannuation are complicated, and it is important to get accurate information. Click here for an independent guide.
