Superannuation

What is superannuation

• a form of income for teenagers

• a way to save for retirement

• a way to save money on your budget

• a form of income paid by your parents

Why is superannuation important?

Who does superannuation benefit?

• My family

• Me

• The government

• All of the above

Who pays money into the Superfund?

• a. the employer

• b. me

• c. my parents

• d. a & b

When do you use your superannuation?

• whenever I want

• after working for 20 years

• when I retire

• after working 30 years

Where does your superannuation money go before you get it?

• super fund

• my bank account

• employer bank account

• Fort Knox

How do you get superannuation?

• contributions from a GoFund me account

• contributions made by grandparents

• contributions made by your employer and yourself

• contributions from your savings bank account

What percentage of your salary is the employer required to pay into a super fund?

• 5.5%

• 6.5%

• 8.5%

• 9.5%