Understanding superannuation by bookkeepers for small businesses in Sydney

It is important for every worker to fully understand what superannuation is. This is important so you can play a more active role in making your super grow. Our bookkeepers for small businesses in Sydney will help you understand your superannuation.

Superannuation is a long-term savings plan, which will provide you with an income when you retire from work and for many Australians this will be their only source of income. During your working life, you slowly accumulate a large sum of money, which is your investment for your future.

There is a range of supers out there, let our small business bookkeepers in Sydney explain them to you:

• Employee/corporate/staff funds – these are funds established by an employer for the benefit of their staff
• Personal funds – as the name implies you personally join as an individual through a super provider
• Industry funds – these were originally set up for people working in a particular industry
• Self-managed super funds – these can have up to four members and generally used by people with larger amounts in super or family groups

Feel free to contact our bookkeepers for small businesses in Sydney with any questions regarding your superannuation.