Superannuation

Learn how superannuation works in Australia and how you can help yours grow. 

Investing in super is one of the biggest favours you can do for your future self, so it’s worth taking the time to understand the ins and outs. 

Understand how super works
Superannuation is a savings system introduced by the Government to make sure you’ve enough money set aside for the life you want after finishing paid work.

If you work for an employer, chances are they’re investing 10% of your salary each year as part of the Government’s compulsory Superannuation Guarantee scheme.
Calculate what your future might hold
No need for a crystal ball to see what your financial future might hold. Our super calculators are far more informative.
Learn how to help your super grow
Everyone’s in a different place when it comes to making additional super contributions. Here’s where you can learn about the different options available.
Consolidate your super
If you change jobs over the years, it’s easy to have super in many different funds (which can mean multiple fees). We can help you find your other super and consolidate it into your CareSuper account.
Seek expert advice
If you’re interested in taking control of your finances, seeking advice through your super fund can be a great option. We offer several different advice models at different price points.
FAQs
How much super do I need to retire?

Unfortunately, there’s no single answer to this question. The amount of super you need when you retire depends on many things, from how long you live to how well you live.

However, to help give you an idea of the amount of money you might need when you stop working, you could try out our superannuation planning calculators. You can enter your current balance and contributions to the Retirement income calculator and see a projection of the estimated annual retirement income you could receive once you stop working.

The Association of Superannuation Funds of Australia (ASFA)^ Retirement Standard has also been designed to help singles and couples determine the kind of lifestyle they want in retirement.

^ASFA is not a financial adviser. You should consider seeking independent legal, financial or taxation advice to check how the calculator relates to your individual circumstances.

When can I gain access to my super?

For most people, it will be when you stop (or wind down) paid work, including when you: 

  • Reach your preservation age (between 55 and 60, depending on when you were born) and retire
  • Turn 60 and stop working for an employer
  • Turn 65.

You may be allowed to access your super early under certain circumstances. Read Accessing your super for more information. 
 

How much can I contribute to super each year?

The Government places limits on how much you can contribute to super each year. The limits depend on your total super balance and whether you’ve already paid tax on the money you are contributing.  

Head over to our super contribution limits page to learn more.  

Have another question in mind? Check out our Superannuation FAQs