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Glite Dictionary
superannuation fund

superannuation fund

6.7
A pool of money that employers and workers save for retirement payments
  • noun
  • UK
translation icon : fondo de pensiones
  • The government encourages individuals to start a superannuation fund early for a more comfortable retirement.

Examples

  • Cara Waters of SmartCompany reports that "Self-managed superannuation funds (SMSFs) have called on the Federal Government to stop tinkering with the superannuation system."

    Blog text (3)

  • Many employees contribute a portion of their salary to a superannuation fund to secure their financial future after retirement.

  • "The investments by SMSFs are no different from large superannuation funds as they invest directly in the market," Colley said.

    Blog text (3)

  • When she retired, she received a monthly pension from her superannuation fund, which helped her maintain her lifestyle.

Synonyms

pension fund
vssuperannuation fund
47 3.0

An organization that collects and manages money to pay people after they stop working

is set up by employers or employees to provide income after stopping work
retirement fund
vssuperannuation fund
14 3.1

Money saved to give you regular income after you stop working

is provided by employers or collective arrangements rather than an individual's money
retirement savings plan
vssuperannuation fund
1 2.5

Money you regularly save to use after you stop working

is established by employers or staff specifically to provide income for workers later

Surface Forms

superannuation fund singular
superannuation funds plural

Morphology

superannuation + fund

The meaning 'a fund set aside to provide retirement income' is directly and literally compositional from 'superannuation' (a retirement payment) + 'fund' (a sum of money for a purpose). This is a transparent noun–noun combination and the concept (pension/savings fund) is cross-linguistically common, so a B1 learner who knows both constituents would readily infer the MWE meaning.

Etymology

Superannuation fund comes from the idea of money kept for you when you are older. The word superannuation originally meant money for 'old age', and a fund is a pool of money, so together they mean money saved for 'retirement'.