Australia has a great superannuation system. In fact it is arguably the best in the world. Unfortunately many Australians do not know how good it is, so this article is going to highlight some of the benefits.
The very first thing to understand is that superannuation is not an investment. It is much more appropriate to think of superannuation simply a tax shelter or a trust structure. And as such anyone who states that “super is a bad investment” is misguided and should instead be saying “what I invested my super in was a bad investment”. (more…)