June 6, 2016 3:16am CST
I received an update on my superannuation a couple of weeks ago. I don't have much but the company I'm with achieves excellent results. I had a few questions like 'how do I get it?" and "do I pay tax?" Today, I finally rang them and i just need to fill out a form and in about 3 weeks I will receive my super in a lump sum. Hooray!! I could have had it 3 years ago! Wouldn't you think they could advise their clients.
9 people like this
• Goodfellow, Texas
24 Jun 16
@MsTickle - Paperwork is easy these days. I remember how tough it was to handle those heavy stone tablet things that we had to write upon by hammering stuff out with steel chisels. Also, the postal charges were horrendous. Oh yes...
6 Jun 16
When a person is working, their employer pays into a superannuation fund part of their wages. This money is invested in various ways so the amount is growing. When the person retires they can claim their money. It can be quite complicated to explain in full.
3 people like this
14 Jun 16
It's money that I've been saving over many years for my retirement. Part of my wages was paid into a super fund for me to use when I retire. It's been invested in many areas and earned interest so it grows. Many folk end up with a small fortune, mine is not so much.