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SUPERANNUATION |
Australian Superannuation |
The Australian superannuation system is a concessionally taxed based system designed to encourage Australians to save for their retirement. Originally superannuation was provided at the prerogative of the employer and was usually only available to executives and some senior employees.Governments also provided valuable superannuation entitlements for its employees as compensation for lower salaries when compared to private sector salaries.
Superannuation is one of the few significant tax reduction areas for PAYG taxpayers. |
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