Super is an investment in your future, and as such does not work like a regular savings account.
When a super contribution is received on your behalf, your super is invested into the portfolio chosen by you or your employer. As different investment mixes can make for different investment returns, it’s worth looking into your investment options.
A typical default fund will feature a mix of investments that spans the investment market by including potentially risky but high return assets like shares and unlisted companies, lower risk but longer term assets like public infrastructure and property while offsetting some of the risk with safe but low return investments in fixed interest bonds, term deposits and cash.
The value of your super account will vary as your investments do. Most funds will offer a variety of pre-made investment mixes or single asset options for those who want finer control over the investment markets they invest in.