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:

Advice_7180285_c

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.

3974562058_32150f7d65_z

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

Pixmac000084082076_facts

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.

316034879_3c0827261d_b_firstjob

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?

SuperforBeginners.008__1352841652_58.175.48.125

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.

3444093057_50c10b22f1_b

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?

Pixmac000015917047_lifebuoy_help

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.

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

Pixmac000049223987_woman_reading.jpg

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

bucket

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?

Pixmac000058263751_emptybox_employer_notpaying

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...]

Financial advice: Only 47 independent financial advisers in Australia

Advice_7180285_c

Note: This article is updated regularly when new financial advisers join the independence club (latest update January 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 independent … [Read more...]

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

Pixmac000043077351_envelopes_know_super

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?

Pixmac000069145355_bankrupt_broke

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...]

Super for beginners, part 17: Four must-knows about super’s tax rules

SuperGuideCustomImages.007

Q: I am trying to understand how my super is taxed and it seems that it is taxed at every turn. Can you please explain when, and how, a super benefit is taxed? A: If it were not for tax, superannuation wouldn’t exist. You would simply invest in your own name. Superannuation is taxed at lower … [Read more...]

Super monkeys stop women creating a financially secure retirement

3974562058_32150f7d65_z

For so many women, the needs of other people usually come first — children, partner, parents, friends and even workmates. Often, for a woman to think about her own needs, she has to face a health challenge, financial stress or a relationship breakdown. Too dramatic, perhaps? I don’t think so. The … [Read more...]

Super for beginners, part 22: How do you speak ‘superannuation’ (… in 20 words)?

Pixmac000066238025_learn

Many Australians find the stodgy language of superannuation confusing. The terminology associated with superannuation is a barrier to self-education and may deter some Australians from taking early steps to plan for retirement. Millions of Australians care about their super account even though they … [Read more...]

Super for beginners, part 14: Save tax – Supply TFN to your super fund

Pixmac000042714013_tfn_form

Here’s a tip that can potentially save you thousands of dollars. Check that your super fund has your tax file number. If you joined a super fund before July 2007, or started your current job before July 2007, then your fund may not have your TFN. Effective since 1 July 2007, when you give your … [Read more...]