Unit 1: Introduction to Superannuation - 2024

Get a brief history of super, then learn about our case study & key elements and terms you’ll encounter in the super system. In this unit, we cover:

• Introduction to the Case Study

• What is superannuation?

  • Different perspectives on super

  • The origin story - a history lesson

  • The superannuation legal landscape

• Key Elements & Definitions

• What makes up superannuation?

• Classification of super funds

  • Defined benefit funds

  • Accumulation (defined contribution) funds

  • Industry funds

  • Retail funds

  • Corporate & Public sector funds

  • Self Managed Superannuation Fund (SMSF)

  • Small APRA funds

• Choosing the right fund

• What happens if an employee doesn’t choose a fund?

• Reading an Annual Statement from your super fund

Date recorded: 19 September 2024