Australia's superannuation and pension system - the envy of the world ("So if it ain't broke, why fix it?")

Australia's much-admired old-age provision system has three pillars. It's the third pillar (super) which the Government now wants to reform (again).

Superannuation ist in Australien das bevorzugte Vehikel für die Altersvorsorge Source: iStockphoto

And since you've asked, the three pillars are:

1. Private contributions to superannuation funds and non-super investments. 2. A safety net consisting of a means-tested government-funded age pension. 3. Compulsory employer contributions to superannuation.

For the full version of this story, please go to our German page.

Also of interest

Wie gehe ich in Australien in den Ruhestand?

How to move money between Germany and Australia and vice-versa

1 min read

Published 30 May 2018 1:44pm

Updated 30 May 2018 5:28pm

By Christian Froelicher

Share this with family and friends

Recommended for you

Australia's superannuation and pension system - the envy of the world ("So if it ain't broke, why fix it?")

Australia's much-admired old-age provision system has three pillars. It's the third pillar (super) which the Government now wants to reform (again).

Also of interest

Recommended for you

The fall of the Berlin Wall 'felt impossible' to Australians who were there 35 years ago