superannuation

Plus the 17% superannuation means you'll retire with a nice big pot of retirement money at the end.

One difference between the Norwegian fund and Australia's superannuation is that superannuation accounts are personal, so people without a salary don't get any benefit.

In Australia it means something very different - a shorthand for Superannuation Fund.

Just had a thought maybe pension/superannuation companies, who have a vested interest in you saving more.

Only a few years ago the rules were changed around Australian pension funds (superannuation) allowing leverage.

The total value of Australia's superannuation is about AUD1.7e12, about AUD74,000 per person, a bit under half the Norgegian figure.

That is left to a mix of a government-paid pension and individual retirement savings accounts (superannuation).

As a current renter, the mandatory superannuation law allows me to make a rational choice to rent when it suits me.

What bizarre chain of events would involve putting anyone at gunpoint because a citizen voluntarily put money into their own superannuation?

Australia has this in the form of compulsory superannuation, and Singapore has it in the form of the Central Provident Fund.

For the same reason, they're now grabbing unclaimed superannuation accounts and requiring many businesses to pay tax monthly instead of quarterly.

I'd be interested to hear what Americans think of a policy we have in Australia called mandatory superannuation.

I presume you are talking about the "Superannuation Guarantee", whereby 9.25% of everyone's salary gets diverted to an account, which can't be accessed until retirement at age 60+?

Superannuation only hits full speed once people have contributed to it for a lifetime start to retire.

So financial advice in USA is put away maximum into 401k/Superannuation that your company will match because if not, you are losing that free money.