How does Super work?

Superannuation is an investment vehicle designed to provide money for your retirement. You benefit from:

  • You save regularly over many years
  • Your savings are invested to help your money grow
  • Your money is generally taxed at a lower rate than other forms of investments.

Industry funds such as Statewide focus on keeping fees and charges to a minimum and maximising your savings so you can do all the things you've dreamt of in your retirement.

Employer contributions
Your employer will pay superannuation contributions on your behalf unless you are exempt or self-employed. This contribution is called the superannuation guarantee. If you are eligible, your employer's compulsory contributions must be equivalent to at least 9% of your earnings.  For example, if you earn $40,000 a year, your employer will put at least $3,600 a year, or $300 a month, into your superannuation.

Personal contributions
You can also make personal contributions to your superannuation. If you make contributions from your after tax income, you may be eligible for the Government co-contribution. 

Read about how workers won the right to superannuation.

Superannuation funds not only manage your super while you're working, they can also help manage your money once you retire. Super funds such as Statewide have products that can provide you with a retirement income stream and keep your savings in a low-fee and tax-effective environment.

Pension Seminars
Statewide hosts free and informative retirement planning seminars which outline the pension options available to you. The seminars include information on Centrelink treatment, tax issues and beneficiary options.  

Transition to Retirement
ransition to retirement accounts may suit you if you are still working but want to reduce your work commitments while maintaining your income level.

Provided you comply with certain criteria, you may be able to convert your superannuation to a transition to retirement pension. This enables you to receive regular payments from your super savings to supplement your other income.

Account Based Pension
Account based pension accounts allow you to invest your superannuation benefits to create a regular 'pay cheque' paid weekly, fortnightly, monthly or even quarterly, half-yearly or annually.



Women's Super - some things to think about to make the most of our investment

International Women’s Day, celebrated on 8 March, is a global day celebrating the social, economic, cultural and political achievements of women. However you celebrated IWD, taking some time now to become more financially empowered is something AustralianSuper actively supports.

Here are some things to consider:

  • Combine your super. Moving from multiple to one single super account means paying less in fees and easier account management. Visit to learn more
  • Add a bit extra to super. Even small amounts can add up over time and taking action earlier in life means you money has more time to earn investment returns and grow
  • Share and save. If you are a super member whose spouse earns less than $40,000 a year, you may be entitled to a tax offset of up to $540 per year if you make after-tax payments into your spouse’s super account.

Visit to learn more.

Need some advice? We’re encouraging women to seek advice when they need it and AustralianSuper has a few options to choose from. On offer are online advice and calculators, general advice including a Super Health Check right through to comprehensive advice involving a face-to-face meeting with an accredited adviser*.

Interested in learning more? Visit

Sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. This information may be general financial advice which doesn’t take into account your personal objectives, 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 

*The financial advice given to you will be provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd (AustralianSuper) and therefore is not the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.