Superannuation

usgb/ˌsuːpərˌænjuˈeɪʃn/
noun

A way of saving money that is specifically for when you retire from work. You pay into this fund while you are working, and then you can receive the money when you stop working.

She contributes 10% of her salary to her superannuation fund every month.
Visual representation of "superannuation" - A way of saving money that is specifically for when you retire from work. You pay into this fund while you are working, and then you can receive the money when you stop working.

Often appears as...

  • superannuation fund
  • superannuation savings

Usage tips

Formal

Definition 1 of 2
Visual representation of "superannuation"
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Context Usage

Superannuation is commonly mentioned in discussions about retirement planning and finance.

Illustration for Context Usage
Financial advisors often help with superannuation plans.
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Avoid Confusion

Don't confuse superannuation with regular savings accounts; it's specifically for post-retirement.

Illustration for Avoid Confusion
Unlike my savings account, I cannot access my superannuation until retirement.
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Workplace Norms

Employers often contribute to an employee's superannuation fund as part of their benefits package.

Illustration for Workplace Norms
My job includes a superannuation benefit.
Visual representation of the word "Superannuation"

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