The most common account is an accumulation account. It's where your money accumulates, or grows, over time.
- You or your employers pay money (contributions) into your account.
- Your super fund invests your balance, and your super grows over time.
- You can choose different investment options.
- You generally pay up to 15% tax on earnings from your investments.
- When you retire, you can take out your money or open an income account and get regular payments.