Superannuation

/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

noun

The act of getting someone to leave their job because of old age or illness.

The company is considering the superannuation of several senior employees before the end of the financial year.
Visual representation of "superannuation" - The act of getting someone to leave their job because of old age or illness.

Often appears as...

  • superannuation of employees
  • superannuation plans

Usage tips

Corporate

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

noun

The act of getting someone to leave their job because of old age or illness.

The company is considering the superannuation of several senior employees before the end of the financial year.
Visual representation of "superannuation" - The act of getting someone to leave their job because of old age or illness.

Often appears as...

  • superannuation of employees
  • superannuation plans

Usage tips

Corporate

Definition 1 of 2
Visual representation of "superannuation"
LampPro Tip 1/3

Context Usage

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

Illustration for Context Usage
Financial advisors often help with superannuation plans.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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.
LampPro Tip 1/3

Context Usage

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

Illustration for Context Usage
Financial advisors often help with superannuation plans.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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.
LampPro Tip 1/3

Context Usage

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

Illustration for Context Usage
Financial advisors often help with superannuation plans.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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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Video examples

You may be accidentally...

with a representative from my superannuation fund. It was thrilling, I'm sure you can imagine. He tells me I'm in the default option. And I said, "Option? Does that mean there are other options?" He looked at me, rolled his eyes, and said,

Video examples

You may be accidentally...

with a representative from my superannuation fund. It was thrilling, I'm sure you can imagine. He tells me I'm in the default option. And I said, "Option? Does that mean there are other options?" He looked at me, rolled his eyes, and said,

Example 1 of 1

Quote examples

Len Buckeridge

Australian Businessman

I can make dopey decisions for which I have to pay. If I take some little old lady's superannuation money, I would be mortified if things didn't go to plan.
Portrait of Len Buckeridge

Quote examples

Paul Keating

Australian Politician

Countries get one chance in history of putting into place a savings retirement scheme on the scale of the Australian superannuation system.
Portrait of Paul Keating

Quote examples

Len Buckeridge

Australian Businessman

I can make dopey decisions for which I have to pay. If I take some little old lady's superannuation money, I would be mortified if things didn't go to plan.
Portrait of Len Buckeridge

Quote examples

Paul Keating

Australian Politician

Countries get one chance in history of putting into place a savings retirement scheme on the scale of the Australian superannuation system.
Portrait of Paul Keating
Example 1 of 2
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