What's the difference between retirement and superannuation?

Retirement


Definition:

  • (n.) The act of retiring, or the state of being retired; withdrawal; seclusion; as, the retirement of an officer.
  • (n.) A place of seclusion or privacy; a place to which one withdraws or retreats; a private abode.

Example Sentences:

  • (1) Peter retired in 1998, when he was appointed CBE for his services to drama.
  • (2) He was very touched that President Nicolas Sarkozy came out to the airport to meet us, even after Madiba retired.
  • (3) The authors studied 84 randomly selected participants who live in retirement communities to discover factors leading to successful completion of a wellness enhancing program.
  • (4) The results indicate that the legislated increase in the age of eligibility for full Social Security benefits beginning in the 21st century will have relatively small effects on the ages of retirement and benefit acceptance.
  • (5) ... and the #housingstrategy on Twitter: Robin Macfarlane, a retired businessman: @MacfarlaneRobin House building should have been on the agenda from day one.
  • (6) He continued: "I don't think there could be a better move for me: to retire from one of the world's best football clubs at the end of the season and then join one of the world's best broadcasters.
  • (7) Emily Stow London • Until I retired a year ago I was a consultant anaesthetist with a special interest in obstetric anaesthesia and analgesia.
  • (8) Nearly half do not plan to retire from medical work.
  • (9) The statutory age of retirement for clergy is 70, although vicars’ terms can be extended by his or her bishop.
  • (10) The exercise comes at a sensitive time for Poland’s military, following the sacking or forced retirement of a quarter of the country’s generals since the nationalist Law and Justice government came to power in October last year.
  • (11) I'm just saying, in your … Instagrams, you don't have to have yourself with, walking with black people.” The male voice singles out Magic Johnson, the retired basketball star and investor: "Don't put him on an Instagram for the world to have to see so they have to call me.
  • (12) The Dacre review panel, which included Sir Joseph Pilling, a retired senior civil servant, and the historian Prof Sir David Cannadine, said Britain now had one of the "less liberal" regimes in Europe for access to confidential government papers and that reform was needed to restore some trust between politicians and people.
  • (13) Paddy Crerand was interviewed on Irish radio station Newstalk this morning and was in complete denial that Ferguson was about to retire.
  • (14) I am one of those retired civil servants who has not received my pension.
  • (15) The analysis of four surveys on elder people shows that health, income, social integration, knowledge about aging, plans for retirement, good ecological conditions, life satisfaction, and a low age seem to be general resources.
  • (16) The study population included 59 active workers (81 percent participation in this group) and 29 workers who were retired or inactive due to illness (69% participation).
  • (17) The four members of the committee are all masters of wine, and the chairman is a retired diplomat, Sir David Wright.
  • (18) It was sparked by Ferguson's decision to sue Magnier over the lucrative stud fees now being earned by retired racehorse Rock of Gibraltar, which the Scot used to co-own.
  • (19) downward occupational and downward social drift, premature retirement and achievement of the expected social development.
  • (20) Crocker had retired from the government in April 2009, becoming dean of the Bush school of government and public service at Texas A&M University.

Superannuation


Definition:

  • (n.) The state of being superannuated, or too old for office or business; the state of being disqualified by old age; decrepitude.

Example Sentences:

  • (1) Taking time out from paid employment to look after children and ageing parents meant they had less superannuation.
  • (2) Hockey carried on in his budget speech about the age pension becoming unaffordable, but within three years this top-end superannuation concession will cost more than the age pension.
  • (3) The government’s tax discussion paper released earlier in the year advocated for an overhaul of the superannuation system , saying the current system will put pressure on the economy in the long run.
  • (4) He has determined superannuation policy and is out there threatening to cross the floor again on the backpacker tax.” On Wednesday Labor’s agriculture spokesman, Joel Fitzgibbon, said the tax would fail to raise $500m as planned because backpackers would stop coming to Australia.
  • (5) If the GST is shelved, the government will go to the election promising changes to superannuation, perhaps to negative gearing and cuts to family payments to fund a lower personal tax, while Labor makes similar cuts to super and probably negative gearing to pay for hospitals and schools.
  • (6) The report suggested the option of restoring the general prohibition on direct leverage of superannuation funds on a prospective basis.
  • (7) For planning and designing the reconstruction of an superannuated radiological department of a neurosurgical supra-regional hospital the following requirements had to be taken into account: 1.
  • (8) For women, this means continuing with the program we already have – valuing feminised labour, removing the barriers to women fully participating in work, and ensuring government levers such as superannuation and taxation reduce rather than intensify the wealth gap.
  • (9) In the UK, the £48bn Universities Superannuation Scheme (USS), which provides pensions for 330,000 university and college staff, has a substantial stake in the top 50 coal companies, as do six local authority pensions funds including West Yorkshire .
  • (10) But I believe they raise questions about the purpose of the concessions particularly as it relates to superannuation.” He ruled out making “effective retrospective” changes to super by taxing in the retirement phase.
  • (11) The wheels are falling off because the Chinese economy is slowing and commodity prices are falling and because the parliamentary gridlock means governments have been unable to do anything about it.” Richardson joined a growing push for the government to consider savings from the revenue the government forgoes due to the generous treatment of superannuation savings – $30bn in 2014-15 and forecast to rise to close to $50bn in 2017-18.
  • (12) Treasury advice released under freedom of information suggests the government was considering an overhaul of existing superannuation concessions before Labor announced its policy.
  • (13) Such arrangements are often not captured within the official counts of homelessness, but there is no disputing this is an emerging trend, and one that must be urgently addressed.” According to the report, women of retirement age had 57% less superannuation savings than men due to greater caring responsibilities through the course of their lives.
  • (14) The government needs to learn not to just oppose ideas that the opposition puts forward especially when our ideas are in the national interest.” Labor’s policy would tax retirees who earn more than $75,000 from superannuation in the retirement phase at 15%, and lower the high income superannuation contribution threshold from $300,000 to $250,000.
  • (15) In subsequent years, armed with his trusty sword, Excalibur (a superannuated prop from John Boorman 's film of the same name), he persistently challenged the law against assembling at Stonehenge, while the site itself grew increasingly to resemble one of the military encampments on nearby Salisbury Plain.
  • (16) A recent report by the Association of Superannuation Funds of Australia also found that thousands of retirees with more than $2m in their superannuation accounts received more than $5.2bn collectively in tax-free income-stream payments in a single year.
  • (17) Unlike Labor we have no plans to increase taxes on superannuation and will honour our commitment not to make any adverse or unexpected changes to superannuation during this term,” he told the Australian Chamber of Commerce and Industry.
  • (18) Labor has argued its changes strike the right balance and they would still maintain concessional treatment of superannuation.
  • (19) Labor plans to wind back generous superannuation concessions for Australia’s high income earners, unveiling two new measures raising revenue worth $14bn over ten years.
  • (20) Speaking at Parliament House on Tuesday, the prime minister, Tony Abbott , ruled out any changes to superannuation this term of parliament.

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