There's a change coming soon that means to comply with 'choice of fund' rules you might need to do something extra when a new employee starts to work for you. Currently, if a new employee doesn't...
You may be able to take your superannuation as a lump sum payment when you retire. This is usually tax-free from age 60.
How much tax you pay on your super contributions and withdrawals depends on:
Most people can choose which super fund they'd like their super contributions paid into. You can go with your employer's fund or choose your own.