a superannuation fund where the retirement benefit is an accumulation of contributions and investment earnings (less fees, taxes and any insurance premiums) in respect of individual members. AGEST is an accumulation fund.
a superannuation fund where the benefit received by the investor is determined by the contributions that have been invested and the investment earnings, less any fees and taxes.
a fund where the benefit you receive is determined by the contributions you have invested plus investment earnings, less any fees, taxes and insurance premiums.
A fund where superannuation contributions are set at a particular rate (e.g. 10% of salary). The end benefit will be equal to the total contributions plus interest credited, less charges and tax.
A superannuation scheme where the major benefits to members result from the accumulation of specified contributions. Also known as a Defined Contribution fund (as opposed to Defined Benefit fund).
A superannuation fund where the member receives a sum of money (or pension equivalent) that is equal to the accumulated value of contributions paid into the fund on that member's behalf including earnings, but net of expenses. Contributions may be made by the member or their employer sponsor (if any). The investment risk is borne by the member. This is also known as a Defined Contribution Fund.
Also called a defined contribution fund or allocated fund. It is a fund in which the benefit a member receives is the total of their contributions plus interest earned on those contributions, minus expenses and tax.
Generally, a superannuation fund to which you and your employer make regular contributions which accumulate and when invested, generate earnings(to be contrasted with a "Defined Benefit Fund").
A type of superannuation fund where the end total is equal to the total contributions plus the interest credited from the invested securities less any charges, fees and tax payable.