Superannuation basics quiz
Super is probably one of your biggest assets. How well do you understand it?
10 multiple-choice questions, with the answer explained after each one.
Answer each question, see why, and beat your best score.
All 10 questions and answers
Want to check an answer or run the quiz out loud? Every question is here, with the answer hidden until you open it.
- What is the superannuation guarantee rate from 1 July 2025?
- 9.5%
- 12%
- 10%
- 15%
Show answer
12%. It rose from 11.5% to 12% on 1 July 2025.
- Who pays the superannuation guarantee?
- The government
- Your employer
- Your bank
- You, out of your take-home pay
Show answer
Your employer. It's paid on top of your wage.
- What is super mainly for?
- Retirement income
- Paying tax debts
- House deposits for everyone
- Holidays
Show answer
Retirement income. Access is generally restricted until retirement.
- What is the preservation age for anyone born after 30 June 1964?
- 55
- 65
- 67
- 60
Show answer
60. Preservation age is the earliest you can usually access super once retired.
- Can most employees choose their own super fund?
- Only public servants
- Only after age 30
- Yes
- No
Show answer
Yes. Otherwise, your existing 'stapled' fund or your employer's default fund is used.
- Having several super accounts usually means…
- Paying multiple sets of fees
- Paying less tax
- Earning more interest
- Higher insurance payouts
Show answer
Paying multiple sets of fees. Consolidating can save fees. Check insurance cover first.
- Where can you search for lost or unclaimed super?
- Through Centrelink only
- Through myGov (linked to the ATO)
- It can't be found
- At the post office
Show answer
Through myGov (linked to the ATO). The ATO keeps records of super accounts.
- Concessional (before-tax) contributions are usually taxed in the fund at…
- 15%
- 30%
- 45%
- 0%
Show answer
15%. Higher earners may pay extra.
- What is a MySuper product?
- A simple, low-cost default super product
- A savings account
- A high-risk share fund
- A government pension
Show answer
A simple, low-cost default super product. MySuper products must meet certain rules.
- How do high fees affect a super balance over decades?
- They can significantly reduce it
- They have no effect
- They only matter in the first year
- They increase it
Show answer
They can significantly reduce it. Fees compound in the same way returns do.
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