answersLogoWhite

0


Best Answer

Superannuation is a pension that is paid to someone who is retired. Companies provide the benefits in order to retain their employees. Superannuation is also a way for employers to increase their employees' morale and lessen employees' complaints about financial matters.

User Avatar

Wiki User

βˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of superannuation funds?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is meant by self managed superannuation?

The definition for self managed superannuation funds is one where an individual controls their initial investment making sure that the fund grows according to one's retirement goals.


Why has there been such growth in superannuation savings?

8. (a)  superannuation funds are savings accumulated by an individual to fund retirement  many countries are moving into a demographic period of an ageing population  individuals are seriously saving in anticipation of nearing retirement from the work force  further, some countries have introduced compulsory superannuation regimes, or provide taxation incentives to save for retirement (


What does the term self managed superannuation funds refer to?

The term "Superannuation" often refers to the amount employees feel they should receive by their employers at their annual salary review. Some employers ask their employees to grade themselves and come up with a figure they feel they should be paid.


What services are available at Find My Super?

Find My Super is an Australian comparison website which compares superannuation funds available to Australian investors. Superannuation is the term used in Australia to refer to retirement provision in the same way that many parts of the world refer to a private pension scheme.


What salary do you seek including superannuation?

What salary do you seek including superannuation?


What is superannuation in Australia?

Superannuation in Australia -Superannuation in Australia is aimed to give a decent savings to all working people at the tim of their retirement. all employers in Australia are legally bound to give superannuation contribution to full time employees. in ceratin cases, superfunds also offer life insurance as well as investment cover. you can also invest your fund money to gain good benefit from investments. that australian taxation office also offers verious rebates on income deposited into superfund.BBW Accounting Services Pvt. Ltd.http://www.bbw-services.comhttp://www.bbwgroup.com.au


Where can MLC Superannuation products be obtained from?

MLC Superannuation products can be obtained and purchased from the offical MLC website. The offer many superannuation products such as the MLC master key.


Legal for the purpose of voucher certification means what?

funds are for the intent authorized


What is purpose statute?

a. Public funds may be used only for the purpose or purposes for which they were appropriated


When a commander has affirmative authority to use funds for a specific purpose use of those funds is considered .?

Legal


When a commander has affirmative authority to use funds for a specific purpose use of those funds is considered?

Legal


What is a superannuation product identification number?

The Superannuation Product Identification Number(SPIN) is the standard method of identification for superannuation products within the financial services.superannuation is An organizational pension program created by a company for the benefit of its employees. Also referred to as a "company pension plan"(Superannuation = over aged i.e. those so old they are no longer employed)