What's the difference between salary and superannuation?

Salary


Definition:

  • (a.) Saline
  • (n.) The recompense or consideration paid, or stipulated to be paid, to a person at regular intervals for services; fixed wages, as by the year, quarter, or month; stipend; hire.
  • (v. t.) To pay, or agree to pay, a salary to; to attach salary to; as, to salary a clerk; to salary a position.

Example Sentences:

  • (1) Helsby, who joined the estate agent in 1980, saw his basic salary unchanged at £225,000, but gains a £610,000 windfall in shares, available from May, as well as a £363,000 increase in cash and shares under the company profits-sharing scheme.
  • (2) "It is very satisfying work," says the 28-year-old, who earns a net monthly salary of 23,000 kwatcha ($80), probably one of the highest incomes in the village.
  • (3) The investigators likely to have questions for Clarke, who remains on the payroll until January when he too is entitled to a payoff of a year’s salary.
  • (4) Paradigm relies heavily on social science research and analysis to help companies identify and address the specific barriers and unconscious biases that might be affecting their diversity efforts: things like anonymizing resumes so that employers can’t tell a candidate’s gender or ethnicity, or modifying a salary negotiation process that places women and minorities at a disadvantage.
  • (5) The audit states: "The financial position of Zuma deteriorated over time, mainly as a result of the fact of the shortage in daily funding required to fund his lifestyle … Zuma's cash requirements by far exceeded his ability to fund such requirements from his salary."
  • (6) And he failed to engage with these sensible proposals to limit bonuses to a maximum of a year's salary or double that if explicitly backed by shareholders - proposals which even his own MEPs have backed – until the very last minute.
  • (7) Since leaving the group last April – taking home a reported £3.1m in salary, compensation and future share awards – the work has not stopped.
  • (8) The current CEO, the aptly named John Boss, took home $5.4m in salary and other compensation in 2015.
  • (9) Senior management salaries have remained frozen since 2008.
  • (10) One shareholder in RBS warned that the bank might now have little option but to increase salaries.
  • (11) In 2010 there were 2,525 City workers with in the €1m-plus pay bracket with average pay of €2.3m and with a much higher ratio, 611% of variable pay to fixed salary.
  • (12) A typical salary for a practice squad member is around US$100,000, significantly less than the Hayne earns in the NRL .
  • (13) Overall earnings growth was even lower, with the average UK salary increasing just 0.5% on 2010 levels once part-time workers are included.
  • (14) According to the BBC, as of last August, Klein's salary was £195,000 and Hadlow's £225,000.
  • (15) After specialization, there appeared to be a tendency for the less academically able students to take on full-time salaried jobs rather than to enter private practice.
  • (16) In 2007, his £450,000 LTIP, combined with basic salary and bonus, left him £1.2m better off - and with nearly double the then salary of the BBC's director general, Mark Thompson.
  • (17) Summiteers might be content with the higher rank and salary … and not really be motivated to summit again.
  • (18) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
  • (19) Because the team is over the salary cap, keeping Basketball Zeppo will cost the Knicks an estimated $2.1 million .
  • (20) The incoming non-executive chairman of IAG, Iberia's Antonio Vazquez Romero, will receive a fee of €235,000 under a similar arrangment, on top of his annual salary of €645,000.

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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