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Super Funds


You may be offered membership of a plan through your work organisation. These plans are certainly worth investigating, especially if there's some sort of employer contribution. Some employers may contribute up to a dollar for each dollar you contribute. That's a 100% return, which isn't a bad way to start building your retirement fund.

A few important points to think about:

  • Can you transfer the fund if you leave the company?
  • How long do you have to be with the company before you're eligible for the employer subsidy?
  • There's currently a tax advantage for employees, on a marginal tax rate of 39%, to belong and contribute to an employer-subsidised scheme.