Probably. But yeah, it's not like Wikipedia has a summary. Instead, let's just assume it's like it in America because America so great. https://en.wikipedia.org/wiki/Superannuation_in_Australia Oh god what is that who put that there guys what. "Employers are required to make superannuation contributions for their employees on top of the employees' wages and salaries." Jesus make it stop "As of 30 June 2015, Australians have over AUD$2.02 trillion in superannuation assets" AAAARGH STOP IT. Right now, my salary package = my advertised remuneration which I take home in fortnightly instalments (and from which my employer deducts income tax at the applicable marginal rate) + my bonus target + my superannuation contribution. When I applied for the job, and this is true for most Australians, they just table the remunerated rate. i.e. if you go for a job with a $100K salary here, you're going to find that the 10% super is not included in that 100K and the employer pays it. They just quote you what they will pay you. Meaning, there's no actual impact to saver's salaries. They get paid the same rate, but cost the employer more. And with things like low income co-contributions from the state PLUS the capacity to draw down on the aged state pension when the asset test is failed (meaning, basically, you're not hiding super money away and using state funds) - yeah, we grew an AU$2trillion - US$1.5trillion- industry by grinding up poor families to use as cheap fuel. Not an effective retirement savings tool which eases (without eliminating) the burden on public purse strings for funding retirement. Wocky/Even pls.