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Here in Australia, we have a thing called Superannuation. Your employer is forced to put away a minimum % of your income, typically 10%, into a fund of your cho
by MRD85 8y ago
Here in Australia, we have a thing called Superannuation. Your employer is forced to put away a minimum % of your income, typically 10%, into a fund of your choice. Often jobs will come with up to 15% superannuation.
- JKCalhoun 8y agoSimilar to the 401K in the U.S. But U.S. employers are not forced.
- MRD85 8y agoThe compulsory nature of it is amazing. I had a gap year before I went to university, and when I checked earlier today I found that my superannuation from that single year is now worth over $15k. From a single year, I worked a manual labour job when I was 18....