Superannuation in Australia explained | Super in 2021

WARNING: THERE HAS BEEN LEGISLATION CHANGES SINCE THIS VIDEO WAS CREATED. CONTRIBUTION CAP LIMITS HAVE CHANGED, THE RULES AROUND CONTRIBUTING TO SUPER AND THE WORK TEST HAVE CHANGED.

If you are living and working in Australia, then there is no doubt that you are somewhat familiar with superannuation. It is retirement saving system that was thrust upon us back in 1991 when the government introduced the Superannuation Guarantee to force more people to save for their own retirement rather than rely on government support.

Since then, the system has grown considerably and today the total funds in superannuation sits at a whopping $2.9 trillion.

I have said it before, and I will say it again, I am a big fan of the superannuation system. If you understand how it works and you play by the rules, it is the most tax effective vehicle we have to invest through. So today I want to run you through the basics of exactly what super is and how it works.

Timecodes
0:00 - Intro
01:05 - Is super an investment?
02:06 - Choosing the right fund
04:02 - Contributing into super
08:00 - Accumulation phase vs pension phase
11:50 - What happens to your super when you die

Structuring Life insurance: https://youtu.be/DMlWEeqKAhs
Should you start an SMSF: https://youtu.be/m-ZBHRIpQqM
Payment of Death benefits from superannuation: https://youtu.be/QEHN_a3Vhs0

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Видео Superannuation in Australia explained | Super in 2021 канала Guided Investor