Ok, an aussie perspective yet again.....

All employers are required by law to pay superannuation at a rate of 9% on top of gross income for all employees over the age of 18!

This goes in to a super fund for you to have access to when you turn 65 and are no longer working full time.

Pretty cool, most companies will also allow salary sacrifice payments to be added to the same pool of funds as well allowing for potential tax benefits.

So whilst we are not perfect downunder by any means we certainly have that area covered - the 9% is scheduled to increase to 10% next June too I think.

Cheers,

Allan