If you're working for a company in Australia and plan to stay here permanently, it's most likely that about 9.5% of your salary is being paid by your employer towards your Superannuation fund - this is the money you build up over your lifetime and which you'll use in retirement. This retirement system was set up in the early 1990s as a way to plan for an ageing society as the … [Read more...] about Market Talk – Investment Vocabulary