Superannuation is a structured retirement savings system in Australia, allowing individuals to save in a tax-effective manner with contributions taxed at a maximum of 15%. Access to superannuation funds is restricted until certain conditions are met, such as reaching a specified age or retiring permanently. Various fund types exist, including industry, retail, corporate, and self-managed superannuation funds (SMSFs), each offering different investment choices and fee structures.

1. What is Superannuation?
An explanation of Australia’s retirement savings system
By Chris Strano
http://www.superguy.com.au/what-is-superannuation-superguy/
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2. http://www.superguy.com.au/what-is-superannuation-superguy/
• A vehicle used to save for retirement in a tax effective
manner
• All income and capital gains taxed at a maximum of 15%
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3. What is Superannuation?
• Superannuation is a Trust structure
• A trustee is responsible for the management of benefits
on behalf of its members
• Each member has a member balance:- either
‘Accumulation Phase’ or ‘Pension Phase’.
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4. What is Superannuation?
• Super – What’s the Catch?
• Can’t access until meet Condition of Release
• Age 65
• Permanent Retirement after Preservation Age 55-60
• Ceasing an employment arrangement after age 60
• TPD
• Death
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5. What is Superannuation?
• Super Investments?.
• Cash, Term Deposits, Shares, Property….
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6. What is Superannuation?
WHY SHOULD I INVEST IN SUPER?
• Savings that you don’t need until retirement
• Receive the Govt Co-Contribution
• Forced retirement savings
• Reduce tax on investment earnings
• Reduce personal income tax
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7. What is Superannuation?
SUPERANNUATION TAX
• Accumulation Phase - 15% on income/interest
• Accumulation Phase – 15% on realised capital gains
where asset owned <12 months
• Accumulation Phase – 10% on realised capital gains
where assets owned for >12 months
• Pension Phase – 0% on all income and capital gains
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8. What is Superannaution?
INDUSTRY FUNDS
• Low cost superannuation account linked to a particular
industry
• Limited investment choice
• % based fees
• Professional Trustee
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9. What is Superannuation?
RETAIL FUNDS
• Little more expensive than Industry Funds, but getting
cheaper
• Wider range of investment options
• Fees charged as %
• Professional Trustee
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10. What is Superannuation?
CORPORATE FUNDS
• Employer Linked
• Similar to retail funds
• Fees charged as a %
• Professional Trustee
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11. What is Superannuation?
SMSF
• Less than 5 members
• Each member a trustee/director of corporate trustee
• Generally flat fees
• Investment choice only limited by legislation, trust
deed/SMSF investment strategy
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12. What is Superannuation?
SUPER IN A NUTSHELL
• Save money for retirement in a tax effective manner.
• Tax concessions are an incentive for people to save for
their own retirement
• Reduces stress on Government funded retirement
• It’s your money! So manage it like you would any other
money.
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13. Chris Strano
FOR THE FULLARTICLE CHECK OUT:
http://www.superguy.com.au/what-is-superannuation-superguy/
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