Superannuation funds

• Overall


  Superannuation is a scheme that requires all employees to make a financial contribution to a fund that will provide benefits to an employee when they retire

  Applies to employees between 18 - 69 earning more than $450 (before tax) per month

  Financial management team must take these contributions into account when setting financial objectives
• Role:


  Income stream when they retire. 9.5% of wage. Invests employees super contribution into organisations → potential source of finance

  Purchase shares in business listed on the ASX

  Provides funds to the corporate sector via super contributions