Superannuation

Super in your 20s. Boring? Doesn’t have to be!

This article is the first of a 4-part series on superannuation through the generations. It explains where super comes from, how it grows, how much might be needed to retire on in 40 years’ time and ways to achieve it. Are you getting any?   Earn more than $450 in any given month (excluding overtime, bonuses and some allowances)? Then every three months your employer should be paying 10% of that into your super fund. Usually you can choose your fund; if you don’t, it gets paid into a super fund of your employer’s choice. But that doesn’t mean you don’t get a...