Types of Superannuation Funds

To help us support ourselves in retirement the Australian Government requires employers to make a minimum level of superannuation contributions on behalf of most of their employees. Through a range of tax concessions they also encourage employers and individuals to make voluntary superannuation contributions to build our superannuation balances further.

There are certain rules regarding how we can contribute to superannuation, how superannuation can be invested and how benefits can be accessed. These rules have changed continually since superannuation was introduced in 1983, with some of the most significant changes introduced in the 2006 and 2016 Federal Budgets.