Superannuation

AAA

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 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.

RELATED TERMS
  1. Nest Egg

    A substantial sum of money that has been saved or invested for ...
  2. New Zealand Superannuation Fund

    A New Zealand government fund established in response to the ...
  3. 401(k) Plan

    A qualified plan established by employers to which eligible employees ...
  4. Pension Plan

    A type of retirement plan, usually tax exempt, wherein an employer ...
  5. Defined-Benefit Plan

    An employer-sponsored retirement plan where employee benefits ...
  6. Defined-Contribution Plan

    A retirement plan in which a certain amount or percentage of ...
Related Articles
  1. Will Your Retirement Income Be Enough?
    Retirement

    Will Your Retirement Income Be Enough?

  2. Preparing To Tap Into Retirement Income
    Retirement

    Preparing To Tap Into Retirement Income

  3. The Demise Of The Defined-Benefit Plan ...
    Budgeting

    The Demise Of The Defined-Benefit Plan ...

  4. Personal Pensions: Repackaging The Annuity
    Options & Futures

    Personal Pensions: Repackaging The Annuity

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center