Understanding Your Super Account

Apr 11, 2023

Once super is paid into your account, where does that money go?

Super is money that’s saved during your working life, helping to support you in retirement. 

Your employer usually pays a percentage of your salary into your super account regularly. And you might even make some extra super contributions along the way.
But where does that money go once it’s in your super account? The good news is it doesn’t just sit around waiting for you to retire.

How your super could increase over time

Some people think of super like another bank account you get to access when you hit retirement age. However, with a standard bank account, you usually only get out what you put in (plus a little interest).

Let’s compare this to the money in your super account. Your super fund usually invests in a range of assets to help grow your savings, including shares and property*. And while most investments will rise and fall over time, it can be helpful to remember super is a long-term investment.
Super is a long-term investment, and any contributions made will generally not be able to be accessed until you reach retirement. 

Visit AustralianSuper to learn more 
https://www.australiansuper.com/superannuation/grow-your-super

 

*Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. 

This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.
Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898