Saving for your future
While your employer will generally make contributions to your super on your behalf, for many people this amount alone may not be enough to provide for a comfortable lifestyle when you stop working.
It’s important to make sure you have enough money accumulated by the time you stop working, and a great way to do this is by adding extra money to your super.
- Make one-off lump sum (after-tax) contributions.
- Regularly add contributions (after tax, paid by you or through your employer).
- Salary sacrifice to make pre-tax contributions.
In a nutshell
Your account balance grows over time with your super contributions and investment earnings. Taxes, fees and insurance premiums and any negative investment returns would be deducted from your account and reduce your balance.