Superannuation is funding paid by your employer towards your retirement. It is called the Superannuation Guarantee Contribution (or SGC). As of 1 July 2014, the Australian Federal Government has legislated that the current calculation is 9.5% of gross wages with it expected to increase over the coming years.
* Please note, Nurse at Call is not a financial advisor. This is meant to be a guide only and all information provided should be reviewed with professional consultation.