AYB240 handy facts

Australians hold roughly $4.7 trillion total in super (as of mid-2026)

TRUE

Your employer pays your super quarterly

FALSE for the 26-27 FY, TRUE for the 25-26 FY

The government limits the maximum you can withdraw from your (standard) super pension each year.

FALSE

The government limits the maximum you can withdraw from your TTR superannuation income stream.

TRUE - Maximum withdrawal cap rate of 10% of your account balance each financial year

You can access super at 55 if you retire (born after July 1 1964)

FALSE - preservation age is 60

You can access super at 55 if you retire (born before July 1 1960)

TRUE - preservation age for these people is 55.

if you have less than $6k in super and are under 25, you automatically get life insurance

FALSE - you need to opt in by contacting your super fund and requesting it

Once you hit 65, you can access your super even if you are still working

TRUE

The provision of a PDS is required by law

TRUE

The provision of a MySuper dashboard is not required by law

FALSE

Only your employer can put money into your super

FALSE

There is no limit on how much you can contribute to super

FALSE

Salary sacrificing into your super reduces the super guarantee your employer has to pay you

FALSE

Contribution caps reset every financial year

TRUE

First home buyers can withdraw their whole superannuation balance for a deposit

FALSE

For a salary sacrifice contribution to count toward a specific financial year, the money must be received by your superannuation fund on or before 30 June of that financial year

TRUE