Superannuation

Superannuation, commonly known as super, is a universal worker retirement scheme in operation in Australia. Employers contribute a fixed percentage of the worker's salary to a fund selected by the employee. The superannuation system holds enormous wealth today and contributes to Australians being amongst the wealthiest people in the world.

Australian women tend to have lower superannuation balances which has left some labelling the system misogynistic and some companies paying women more superannuation than men.