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Superannuation

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Dictionary Says

Definition of 'Superannuation'

An organizational pension program created by a company for the benefit of its employees.

Also referred to as a "company pension plan".
Investopedia Says

Investopedia explains 'Superannuation'

Funds deposited in a superannuation account will grow typically without any tax implications until retirement or withdrawal.

These plans are usually either defined-benefit or defined-contribution plans.

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