Superannuation
An organizational pension program created by a company for the benefit of its employees.
Also referred to as a "company pension plan". Investopedia Says:
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:
401(k) Plan
Defined-Benefit Pension Plan
Defined-Contribution Pension Plan
Nest Egg
Pension Plan |