Super for young Australians
Know how super works, what your employer pays, and why super is not a trading account.
Module 17 of 26, ETFs, index funds and super. Lesson 5 of 6, about 14 minutes.
The takeaway
Your employer has to put 12% of your ordinary time wages into super, and that money is taxed separately from the earnings it later generates, both at 15%. A 1-percentage-point fee difference can cost you over A$100,000 by retirement, so check YourSuper. Super is locked away until you reach preservation age and retire (or turn 65), not a trading account.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.