Paid PostPosted on Apr 16, 2015Your Superannuation Explained, But With DogsSuper dogs. Because it's good to think about your superannuation.by Australian Taxation OfficeBrand PublisherFacebookPinterestTwitterMailLink 1. You know about super, right? It’s money your employers put away for you while you’re working, for you to live on when you retire. Tap to play or pause GIF Tap to play or pause GIF gifwave.com Your employer has to put a certain percentage of your income into your superannuation fund account for you to live on when you’re no longer working. It’s called the “super guarantee”. 2. Over the years, the fund grows, so that later in life, you'll have a nice ~nest egg~ saved up. Tap to play or pause GIF Tap to play or pause GIF youtube.com / Via gifbin.com Big nest eggs are what we want when we retire. 3. But keeping track of your super can be difficult. Tap to play or pause GIF Tap to play or pause GIF Via cheezburger.com And it's so easy to forget about, given it's money we won't see for a while. 4. If you've had more than one employer, you might have money sitting in more than one super fund. Tap to play or pause GIF Tap to play or pause GIF gifbin.com This is not always a good thing. 5. You might have super sitting in an account that you don't even know about. Tap to play or pause GIF Tap to play or pause GIF Via gifbin.com Like from your first job years and years ago, when you probably hadn't even heard of superannuation. 6. Having your money spread out across multiple accounts means it will take longer for your money to grow. Tap to play or pause GIF Tap to play or pause GIF youtube.com / Via forgifs.com You'll be charged fees by each super fund...so more super funds = more fees! And fees are bad. 7. Which means you could be working hard all your life only to realize later on you could have saved a lot more money! Tap to play or pause GIF Tap to play or pause GIF gifbin.com That's why it's important to start thinking about your super early. 8. A lot of people recommend rounding all that money up and putting it in one fund. Tap to play or pause GIF Tap to play or pause GIF Via forgifs.com That way you pay fewer fees, can watch it grow, and when you start a new job, you can ask your employer to pay your super into that fund. 9. Once you've gotten rid of super accounts you don't need, it'll be easier to keep track of your money. Tap to play or pause GIF Tap to play or pause GIF cheezburger.com Money in your superannuation account is invested by your super fund, so you can watch it grow. 10. You'll also be paying fewer fees, which means more super for your future. Tap to play or pause GIF Tap to play or pause GIF youtube.com / Via gifsoup.com More money in your future sounds pretty damn good. 11. So you can go on enjoying life, knowing that you're doing your future self a big favour. Tap to play or pause GIF Tap to play or pause GIF vine.co / Via gifak-net.tumblr.com Because the good thing about your super is, it works for you while you're off living your life. Most of the complicated stuff is taken care of. 12. And how super is that? Tap to play or pause GIF Tap to play or pause GIF cheezburger.com Sorry not sorry. But seriously, think about your super. It feels good to be organised, and to save money on fees! So go and check your super with myGov. MyGov is a free and easy way to check your super accounts, track down lost super, and transfer all your super money into one fund. For more information go to ato.gov.au/superonline.