What Is Superannuation?
Superannuation as it is popularly known as “Super”, it is an amount of money that is set aside while you are working just in time when your retirement comes. Your money is being deposited as a fund, where it is invested in your name by a trustee, so as to help you earn returns and increase your savings.
There are some factors that would affect how much money you will be receiving when you will be retiring. It includes the amount of your contribution, how long have you been investing, on what type of investments that you have chosen, the amount of your money earned from the investment returns, and also the total amount of the fees that you have paid.Continue reading