A sum of money paid periodically as a contribution to a retirement fund.
A compulsory payment of a portion of employee's wages to a fund that does not get paid out to the employee until they reach retirement age.
A method of saving money towards retirement while workingâ€¢ De Facto Relationshipsâ€¢ Employmentâ€¢ Insurance - Generalâ€¢ Property Settlementâ€¢ Superannuation
Superannuation is the money saved during your working life to provide you with income in your retirement to help you achieve the lifestyle you want.
Savings for retirement which are held in a superannuation fund. In return for favorable tax treatment, access to the benefits is usually restricted until a member retires from the workforce.
A long-term savings vehicle primarily used to save for retirement. Under current superannuation and taxation laws, superannuation is one of the most tax effective ways to save for retirement.
The money put aside during your working life for use when you retire. By law, an employer must contribute 9% of their employee's wages into a superannuation fund. Superannuation is an additional benefit on top of a wage or salary.
a monthly payment made to someone who is retired from work
An investment vehicle which operates primarily to provide benefits for retirement. Superannuation savings are usually made through trust funds and if these funds meet prescribed government standards they are eligible for tax concessions.
the provision of monies by both employers and employees to financially support employees once they have reached a specified threshold age.
Employers are required to make superannuation contributions on an employees behalf to a superannuation fund. Some Western Australian employees have a choice of superannuation funds. See Superannuation section for more information.
Superannuation for staff members through approved superannuation funds in accordance with legislative obligations and agreements.
(and Superannuation Guarantee Charge) â€“ has become an increasingly important part of arrangements for retirement in Australia. Organisations arrange and contribute to superannuation funds that provide, upon an employeeâ€™s retirement, a lump sum payment, or a regular pension or a combination of both. Employers are required to pay into a superannuation fund the Superannuation Guarantee Charge (SGC) on behalf of their employees.
a tax effective environment for accumulating funds for your retirement
Money that you and your employers put aside in a superannuation fund during your working life to use when you retire.
A long-term savings arrangement, which operates primarily to provide income for retirement. Superannuation savings are usually made through trust funds, and if these funds meet prescribed Government standards, they are eligible for tax concessions.
A means of setting aside funds during working life for use in retirement.
This is a regular contribution to a pension scheme by an employee.
A savings plan, not unlike life insurance, which is invested in public and private sector schemes. Contributions are made by both the employee and employer and are taxed at a low rate.
Another name for an occupational pension.
A long-term savings arrangement operated primarily for the sole purpose of providing retirement income.
This is a word which some schemes, particularly those in the public service, use to describe a member's contributions .
A system where individuals set aside funds during their working life to fund retirement. The Government supports this system by requiring employer contributions on behalf of employees, providing tax concessions and regulatory controls for the benefit of contributors.
Whereby funds are set aside during a person’s working life for use as income after retirement.
a tax effective means of putting aside money during your working life for use in retirement.
This is Australia's mandatory pension scheme, or saving for retirement. An employer is required to contribute a proportion of a person's salary or wage to a superannuation fund on behalf of the employee. The money in the superannuation fund is invested with the aim of generating returns. When Australians retire the money that is in the superannuation fund is made available to them in a lump sum or in small amounts over their planned retirement.
The savings which have been accumulated over time by an individual which is used to fund their retirement or funds which can be used as an investment.