Definition

A system or plan for providing retirement income, typically through regular contributions made during a person's working life.

Example

Many employees rely on superannuation to support them after they retire.

Conversation

Have you thought about your superannuation plan for retirement?

Not really, I should probably start looking into it soon.

Yeah, it's important to have a good superannuation strategy in place.

Definitely! I want to make sure I'm set for the future.

Synonyms & Antonyms

Root Explanation

Superannuation → It is formed from "super-" (meaning above or over) and "annus" (meaning year). The term refers to a pension or retirement plan that provides income after one has worked for a certain number of years, thus being above or over the working years.

Memory Tip

Think of 'super-' meaning 'above' and 'annus' meaning 'year' — this helps you remember that superannuation relates to income received after many years of work.

Visually Confused Words