There are lots of rules when it comes to our super system. But not every rule applies to you at every age, so it’s worth figuring out which ones have an impact for your age group.
The rules at different ages govern how much and when you can contribute to super, when you can get your hands on your savings and how much tax you will pay. These rules are designed to ensure super is used for its intended purpose – to provide retirement income – in exchange for the generous tax benefits on offer.
To make things a bit easier to understand, here’s SuperGuide’s simple explainer of the rules applying to you if you’re just starting out in the super system.
Super rules if you’re in your teens
The super system is designed to help you save money for your retirement over your entire working life. It holds money contributed by both you and your employer and will help supplement your income during your retirement years.
