How to invest in superannuation?
How do you invest in superannuation?
You invest into super by contributing money into a superannuation fund. There is a wide range of superannuation funds to suit different requirements and arrangements. The most common types of funds are:
- Employer funds or corporate super plans.
- Industry funds, including those catering for a particular industry, such as the building industry.
- Personal funds. These funds are separate from an employer or industry fund and are run by a fund manager. Personal funds are those you have independently chosen to invest in.
- DIY super funds, otherwise known as self-managed super funds. These funds are set up by an individual or a group of less than five people.
Types of superannuation accounts
Within a superannuation fund, you have your own superannuation account. There are two basic kinds of superannuation accounts. The type of account determines how much money you will have in super at retirement.
Types of super accounts
The information in this document reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way.