Definition: A superannuation is a retirement savings plan that allows individuals to save for their future retirement, typically over a period of 20-30 years. They are often funded by contributions from employers and can grow tax-free. The amount of superannuation they have built up through contributions can be invested in a range of assets such as stocks, bonds, real estate, and other investments. There are different types of superannuation plans, each with its own features and benefits. Some common