0 money that people pay while they are working, so that they will receive payment when they stop working when they are old, or the payment they receive when they stop working
1 a system for employees of a particular company to make regular payments from their income to invest in a pension, also used to refer to the pension itself:
The industry can be categorized into three fund types - 'retail ' superannuation funds, 'not-for-profit ' superannuation funds and ' self-managed ' superannuation funds.
Since the superannuation fund returns are also gross of fees, index returns are comparable.
Compared with the actual outcomes for the superannuation portfolios, however, the random selection process uncovers some interesting features.
The findings may have important commercial and regulatory implications for the superannuation industry.
Around 85 % of superannuation assets are in superannuation funds offering investment choice.
The recent superannuation reform, based on workplace earnings, can clearly be seen as an extension of this occupational welfare model.
The majority of the informants were relatively financially secure, having both superannuation or savings and pensions.
He recommends a taxable universal pension from age 65 years, associated with increased tax on larger superannuation benefits.
