Have you ever thought where you will be in the next 30 to 40 years? Have you ever give time to the thought that what you will be doing when you get retired. Although you have not even started working yet and it is a little odd to think about retirement but still the thought s important and if you want to keep your cash flowing even when you are not working or retired then giving some time to this thought is necessary.

If you want to spend a comfortable retired life without any tension of cash flow or expenses, it is worth to know about the superannuation. You can visit the Superannuation.com for more details about retired life and saving for the retirement. I am going to introduce your with the superannuation and its importance in the retired life.

Introduction to Superannuation:

Superannuation, generally speaking, is a method of saving for the retirement. You surely need money in your retired life when you are not able to work as efficiently as you are today. So how you are going to get the money to keep the cash flowing through your life without any trouble? The answer is superannuation.

Every employee have a super fund account which is filled by his employer every month with a 9.5 percent share of his salary. Super fund is the amount which is payed by your employer and is equal to the 9.5 percent of your salary. The 9.5 percent share depends upon your usual time earning.

For example, if you work several hours and earn $50,000 then according to your 9.5 percent share, your employer has to pay a super fund of $4,750 into your super fund account which acts as your saving when you get retired. You can also top the super fund account by adding your personal savings as well.

The taxation of super fund account is also lower than other accounts and you are charged with only 15 percent tax. You will get the money from the super fund account when you are retired or when you reach retirement.

The payment of 9.5 percent share of your salary by the employer is known as the Super Guarantee and it is included in the law so you are rightfully the owner of 9.5 percent share and your employer is subject to liability in case of negligence to the super guarantee.