It is important to start growing and actively managing your super as early as possible for your retirement.

For most people, super begins when you start work and your employer starts paying super for you.

If you’re a contractor or a temporary resident and are working in Australia, you may also be entitled to super.

If you’re self-employed, you can choose whether to contribute super for yourself.

You should provide your tax file number (TFN) to your employer and/or super fund. If you don’t, your super fund may take extra tax out of your super contributions and will not be able to accept any non-employer contributions.

You can choose between a super fund that manages your super for you or you can set up your own self-managed super fund (SMSF).

Super funds invest your money in many things, such as shares, property and managed funds. They may also offer different types of insurance, such as income protection. The YourSuper comparison tool is a simple way to compare MySuper products and help you choose a super fund that meets your needs.

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Find out about:

• Employees

• Contractors

• Self-employed

See also:

• YourSuper comparison tool

• Growing your super

• Withdrawing and using your super

• Temporary residents and super

Last modified: 01 Jul 2021