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superannuation

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
superannuation [ˌsuːpərˌænjʊˈeɪʃən]
n
1. (Business / Insurance)
a.  the amount deducted regularly from employees' incomes in a contributory pension scheme
b.  the pension finally paid to such employees
2. (Business / Insurance) the act or process of superannuating or the condition of being superannuated
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.superannuation - a monthly payment made to someone who is retired from work
pension - a regular payment to a person that is intended to allow them to subsist without working
2.superannuation - the property of being out of date and not current
oldness - the quality of being old; the opposite of newness
3.superannuation - the act of discharging someone because of age (especially to cause someone to retire from service on a pension)
dismission, sacking, liberation, firing, dismissal, release, discharge, sack - the termination of someone's employment (leaving them free to depart)
Translations
superannuation [ˌsuːpəˌrænjʊˈeɪʃən] (Brit)
A. N (= pension) → jubilación f, pensión f
B. CPD superannuation contribution Ncuota f de jubilación
superannuation scheme Nplan m de jubilación
superannuation [ˌsuːpərænjʊˈeɪʃən] ncotisations fpl de retraite
superannuation
n (esp Brit) (= act)Pensionierung f, → Versetzung fin den Ruhestand; (= state)Pension f, → Ruhestand m; (= pension)Rente f; (for civil servants, teachers) → Ruhegehalt nt (form); superannuation contributionBeitrag mzur Altersversicherung
superannuation [ˌsuːpərˌænjʊˈeɪʃn] n (pension) → pensione f; (contribution) → contributi mpl pensionistici


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With many Australians are under significant financial pressure due to the worsening economic climate, people are now considering all avenues to get some sort of release in the downturn One issue which may be considered is the prospect of accessing some of your superannuation to prop up your finances With many Australians are under significant financial pressure due to the worsening economic climate, people are now considering all avenues to get some sort of release in the downturn.
The 'zenith' of this new situation was reached in the May 2006 Federal Government Budget in which major changes in superannuation were announced.
Superannuation is, very simply, long term savings invested for your retirement income.
 
 
 
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