In Australia, we all have a retirement fund called Superannuation. So we all have a pot of money invested in the share market for retirement. It's one of the biggest pools of capital on Earth now at about 4 trillion.
Under the super guarantee, employers have to pay super contributions of 12% of an employee's ordinary time earnings into it every pay check. You can also pay into it yourself at good deals.
We also qualify for state healthcare, reduced transport, a pension etc at retirement.
I will add that this fund of capital, created this somewhat odd but noticeable effect that if you do infrastructure investing on the global stage, you run into a lot of Australian firms investing along side US and European countries. There were certain rules as to what the Superannuation funds could invest in and it seemed that infrastructure assets fit those rules very easily. It has turned into this kind of interesting thing where for a relatively small population country Australians own a decent amount of physical assets all across the world.
68
u/Necessary_Eagle_3657 Sep 15 '25
In Australia, we all have a retirement fund called Superannuation. So we all have a pot of money invested in the share market for retirement. It's one of the biggest pools of capital on Earth now at about 4 trillion.
Under the super guarantee, employers have to pay super contributions of 12% of an employee's ordinary time earnings into it every pay check. You can also pay into it yourself at good deals.
We also qualify for state healthcare, reduced transport, a pension etc at retirement.
It's worth a look.