This paper by Graeme Selleck, updated for the 2003-04 financial year, is designed to provide readers with a 'ready reckoner' - a simple, easy to use summary of superannuation taxation and preservation rules. It includes summaries of the latest changes to the superannuation system by the government, as well as the government's remaining proposed change to the taxation of superannuation from the 2001 election and the latest policy announcement concerning the interaction of the superannuation and old age pension systems.