Sunday, February 7, 2010

Superfunds

Superannuation is something unfamiliar to an international student like me, I have seen advertisements from TV (mainly AustralianSuper) which briefly talks about the advantages of having a superfund. It sounds like a very simple system, but after reading all the materials regarding this topic, it becomes even more confusing than before since there are apparently many complications and considerations in selecting a superfund, putting and withdrawing money from your superannuation account.

For simplicity's sake, i have decided that my strategy after graduating would simply involve consolidating into one superfund with co-contribution from parents, salary sacrifice when possible, withdraw after 60.

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