Superannuation is a way to save money for when you're no longer working. It's important because it helps you have enough money to live on when you retire. Your employer puts a set portion of your salary (11.5% for the 2024/25 financial year) into a special account for you and your super fund will invest that money on your behalf to help it grow over time.

Superannuation also has some tax benefits, which means you get to keep more of your money. It's important to understand how superannuation works and to save enough for your retirement. More information on superannuation can be found here.