superannuation
0 antonyms and opposites of superannuation, grouped by meaning.
Noun — A retirement savings scheme in which an employer, and often the employee too, pays a regular percentage of wages into a fund that is drawn on after retirement; the money held in such a fund.
How to use superannuation
The word patterns that sound natural to a native speaker.
Everyday in Australia and New Zealand, where it is usually shortened to "super"; more formal and less common in British and American English.
Etymology
From Latin super- "beyond" and annus "year", by way of the medieval Latin superannuatus "more than a year old, worn out with age".
Full origin of superannuation →Frequently asked questions
What is the difference between superannuation and a pension?
Superannuation is the fund you build up from contributions during your working life; a pension is a regular income paid out, either from that fund or by the state. In Australia "super" is the near-universal term for the savings pot, while "pension" usually means the government Age Pension.
Is superannuation the same as a 401(k)?
They do the same job — tax-advantaged workplace retirement saving — but the rules differ. Australian super has a compulsory employer contribution set by law, whereas a US 401(k) is voluntary and driven mainly by employee contributions with optional employer matching.
What does superannuated mean?
It describes a person retired on a pension, or, more commonly now, something too old or outdated to be of use — "a superannuated filing system". It is often mildly humorous or dismissive.