Superannuation is a system designed to support you in retirement and there are many ways you can contribute to help grow your balance and take advantage of the tax-effective savings environment.
As this video explains, your superannuation fund can be topped up by contributions made from you personally, from your employer, spouse and even the Government. It’s likely that you will have more than one type of contribution made to your superannuation fund on your behalf over your working life.
Depending on what type of contribution it is, it may be treated differently from a tax perspective when entering super, whilst invested in the fund and when funds are withdrawn by you or your beneficiaries.