Super for Beginners

Superannuation for Beginners articles are a great starting point for anyone beginning their superannuation journey, or beginning their super education.

You can find the answers to questions that you may have been afraid to ask, or not known to ask. You can also ask your own questions, which helps us build the Beginners section of SuperGuide, and helps our many thousands of readers.


Below are some of our key Super for Beginners articles:

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This article is updated regularly when new financial advisers join the independence club. A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an independent adviser.

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For so many women, the needs of other people usually come first — children, partner, parents, friends and even workmates.

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The updated Top 10 must-know facts listed in this article are a handy guide for those seeking to understand how the super rules work, and the list also serves as a refresher for those readers who may be more familiar with the super rules.

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Question: I am 16 years of age. I still go to school but I have just started my first part-time job. Do I get any superannuation? And if I do, where does it go?

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One of SuperGuide’s more popular initiatives has been the development of a ‘Super for Beginners’ section that answers some of the many questions that we receive from those readers who are new to superannuation and new to super’s terminology.

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Q: I checked my statement and I put an extra $10 per week into my super and each time an amount is put in, it has been taxed. Is this right? I thought that my contributions were tax-free?

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Q: I’m new to Australia and I have absolutely no idea where to start with my super in order to have the best outcome 40 years from now.

Set out below are all SuperGuide articles explaining Super for Beginners.

Super rich tax? Looting SMSF accounts to fix the budget

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Note: This article is in response to recent claims that superannuation tax concessions are directed towards the ‘super rich’. If you are concerned about being unfairly targeted by the current tax reform process, ensure you make a submission before Monday 1 June 2015. The relevant links to the tax … [Read more...]

Financial advice: Only 54 independent financial advisers in Australia

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Note: This article is updated regularly when new financial advisers join the independence club (latest update February 2015). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an … [Read more...]

Super for beginners, part 15: Super tax – as easy as 1-2-3

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Superannuation only exists because of how super savings are taxed. Superannuation savings receive tax incentives to encourage Australians to choose super as a retirement savings option. Even so, superannuation is still taxed (for most Australians) at a lower rate of tax than non-superannuation … [Read more...]

Super for beginners, part 20: Comparing your super fund’s performance

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Q: The investment return on my super fund account doesn’t seem to compare with the investment returns that I read about in the newspapers. Are the newspapers wrong, or am I in a rubbish super fund? A: Every month or two (or more recently, every week it seems) the media reports the latest returns … [Read more...]

Super for beginners, part 11: Is my super fund good enough?

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Q: I have my super with a major financial organisation. I’m wondering, are they a good company to be dealing with? I feel that their fees are a bit high: based on an investment amount of $300,000 the MER amount is $6,600 (2.2%) plus a monthly admin fee of $8.50. What are your thoughts on this … [Read more...]

Women and super: A worry-free financial future in 6 steps

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Before I wrote Super Freedom, I had often discussed the need for a practical non-technical book for women on superannuation. The first question I was asked when I told some female friends that I was writing a book for women on superannuation and retirement was: ‘Why does there need to be a book on … [Read more...]

Super for beginners, part 4: My son’s super account is bleeding fees

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Q: Hi, I am inquiring on behalf of my son who is unable to work at this stage of his life. It has been three years since he worked. He doesn’t have much in his super fund and it is going down every year. Is there any way to stop the bleeding of his funds? I will be ever grateful if you could … [Read more...]

Super for beginners, part 18: My employer hasn’t paid my SG. What can I do?

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Q: What steps can I take to ensure my employer contributes all that I am owed to my super fund? I have been asking my employer for the last 3 to 4 months about putting my super contributions into my super fund, as they have not done so since I started working there about 1.5 years ago. I only … [Read more...]

Super for beginners, part 21: You know where your super goes, right?

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Q: How do I find out where my super contributions end up? What I mean is, how do I find out the name of my super fund? A: Your question is a popular one in Australia, even though super fund members receive member statements from their super funds every year. Know the name of your super fund If … [Read more...]

Super for beginners, part 19: My employer has gone broke. What happens to my SG entitlements?

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Q: My employer has suddenly ceased trading and despite appearing on weekly pay slips, I and fellow employees find no super contributions have been made, in my case for over 12 months. What, if any recourse, do we have? If your employer has not paid your super entitlements into your super fund, … [Read more...]