As of July 2005, Australian workers can now choose between a retirement savings account (RSA) and a superannuation fund (or super, for short). But what exactly is the difference between an RSA and a super fund?
Organization
Simply put, a super fund is managed by a trustee and must comply with certain government rules to ensure that your super is managed properly. Super funds are more like a mutual fund, in that they are their own entity. Types of super funds include: corporate funds available to employees of a certain company; industry …