This article has been taken from Wikipedia.
Superannuation in Australia refers to the arrangements which people make in Australia to have funds available for them in retirement. In Australia, superannuation arrangements are government-supported and encouraged, and minimum provisions are compulsory for employees.[1] For example, employers are required to pay a proportion of an employee's salaries and wages (currently 9%) into a superannuation fund, but people are encouraged to put aside additional funds into superannuation. The minimum obligation required by employers is set to increase to 12% gradually stepping annually from 2013 to 2020.
A person can withdraw funds out of a superannuation fund when the person meets one of the conditions of release contained in Schedule of the Superannuation Industry (Supervision) Regulations 1994.[3]
Superannuation calculators helps you decide if you are putting away enough super and decide if you can retire when ever you want to. Superannuation calculator also helps you figure out how much super funds will you be left with after you retirement and how long will those super funds last for. These calculators will help you take different decisions that may affect your retirement income and lead a comfortable life after retirement.
Before you begin it would be handy to have your latest statements to compare different options available. The salary sacrifice calculator will help you decide how much salary you need to sacrifice to lead a comfortable life after retirement. Also calculate which type of contribution will help you with the biggest boost .
The different types of calculators available on this website are super calculators, salary sacrifice calculators, fee comparison calculators, insurance cover calculators, investment comparator and many more.
Check out HESTA website for more information on your superannuation and how to use superannuation calculators.
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