Starting your first job is a big step  –  you’re earning your own money, gaining independence, and building your future. But with your first payslip also comes something you might not have thought much about yet: superannuation.

Superannuation, or super, is money that your employer sets aside for you while you work. It’s designed to grow over time and help support you when you retire. It might seem far away now, but getting it right from the start can make a huge difference later.

1. How Super Works

If you’re 18 or older, and you earn $450 or more in a calendar month, your employer must pay super contributions for you.

The current Superannuation Guarantee (SG) rate is 12% (as of 1 July 2025). So, if you earn $1,000 before tax, your employer must contribute $120 to your super fund.

Even if you’re under 18, you’ll still be entitled to super if you work more than 30 hours a week.

Employers usually pay super every three months, and you can check that it’s being paid correctly through your myGov account linked to the ATO.

2. Choosing Your Super Fund

When you start a new job, your employer will ask for your super details. If you don’t choose one, your employer will pay contributions into your existing stapled fund (a fund linked to you that follows you from job to job) or their default fund.

Choosing your own super fund helps you:

• Avoid multiple accounts, which can mean paying unnecessary fees
  
• Compare fees and performance  –  lower fees and solid long-term returns mean more money for you
  
• Review insurance cover, which some funds automatically include

You can find a Superannuation Standard Choice Form from your employer to nominate your preferred fund.

3. Keep an Eye on Your Super

It’s a good idea to check your balance regularly through your fund’s app or myGov. Make sure contributions are being paid on time and that your fund details (like your tax file number and contact info) are up to date.

If something looks off, ask your employer or contact the ATO. Staying on top of it now prevents problems down the track.

4. Get Ahead Early

Even small voluntary contributions can grow into a lot over time. And if you’re a low-income earner, you might even get a Government co-contribution  –  up to $500 each year  –  when you add to your own super.

Super might not seem exciting, but it’s one of the most powerful tools for building your future wealth. Setting it up properly when you start working means you’re already one step ahead.

Your future self will thank you for taking super seriously  –  even while you’re just getting started.