Superannuation

Superannuation_mainImage
Superannuation_adImage

"Hostplus Super is an industry superannuation fund for Australia's hospitality, tourism, recreation, and sports industries, established in 1987. It has over one ...Read More"

Popular Superannuation in Australia

Australian Super

Aware Super

Hostplus Super

Compares Other Services

# Australian Super Aware Super Hostplus Super
Current Members 2.80 Million More than 1 Million More than 1 Million
Annual Fee per 50K balance $447.00 AUD $517.00 AUD $650.00 AUD
CanStar Rating 5 Stars 5 Stars 5 Stars
1 Year Return 0.5% -0.3% 1.5%
5 Year Return 6.4% 7.0% 6.9%
10 Year Return 9.32% 9.52% 9.57%
Become a Member Join Join Join

FAQ's

Superannuation funds pool contributions from members and invest them in a diversified portfolio of assets, including shares, property, fixed interest, and cash, to grow members' retirement savings.

Yes, several types of super funds are available in Australia including industry funds, retail funds, public sector funds, corporate funds, and self-managed super funds (SMSFs).

Your superannuation remains with you, and you can choose to either leave it in your existing fund, roll it into your new employer's fund, or transfer it to a fund of your choice.

Superannuation denotes a retirement savings system. If you work in Australia as an international student, your employer may contribute to your super fund. It's important to understand your rights and potential benefits of it to reap its benefits

In most cases, access to Superannuation funds remains restricted until you meet specific conditions, such as reaching the preservation age and satisfying government-defined criteria.

Generally, you can only access your superannuation when you leave Australia permanently. However, there are exceptions, such as experiencing financial hardship, departing temporarily, or reaching your preservation age. Be sure to check with your superannuation fund or the Australian Taxation Office for specific details and eligibility criteria.

You can usually check your superannuation balance and manage your super fund online through the fund's website or by contacting your superannuation provider. Make sure to keep your contact details updated with your provider to receive important updates about your account.

Yes, having a Superannuation account is mandatory for part-time job workers in Australia. Employers are required by law to contribute a percentage of their employees' earnings into a Superannuation account to help individuals save for their retirement. This applies to both full-time and part-time employees.

A top superannuation fund in Australia typically offers low fees, diverse investment options, strong historical performance, and efficient customer service. Look for funds with a track record of consistent returns and solid financial management.

The best-performing superannuation funds in Australia showcase strong returns over different periods, consistent performance, well-diversified portfolios, and efficient management. These funds tend to outperform their peers over both short and long-term periods.

At Student Rainbow, we recommend industry-leading superannuation funds tailored for international students. These funds prioritize low fees, strong investment performance, and essential features.

While superannuation funds focus on retirement savings, they may occasionally offer perks. Check with your fund to see if they provide any entertainment-related discounts.
Image