Superannuation in Australia: What It Is & Why It Matters (2025 Update) Superannuation—commonly known as “super”—is Australia’s mandatory retirement savings system. If you’re working in Australia, even as an international student or part-time worker, chances are you’re already earning super contributions. But how much do you really understand about it? 💡 What is Superannuation? Superannuation is a long-term savings plan designed to help you save money for retirement. Employers are legally required to contribute a percentage of your earnings into a super fund on your behalf. 📌 How Much is Contributed? As of 2025, the Super Guarantee (SG) rate is 11% of your ordinary time earnings. This is paid by your employer – it’s not deducted from your salary. 📂 Can You Access It? You can usually access super only when you retire (after reaching your preservation age). Temporary residents may be able to claim it back when leaving Australia (via DASP). 🔍 Choosing a ...