Glossary
Pension
An income paid at regular intervals to a retired person, by a government or through an employer superannuation scheme.
A scheme operated by an employer to help their employees save for their retirement. In some cases employers add money to the amount the employer saves, in other cases the employer meets some of the costs of the scheme, such as bank fees. Sometimes the employer superannuation scheme provides life insurance cover for the employees. Also called a corporate or group superannuation scheme.
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Here you'll find explanations of the many financial terms used throughout the Sorted website.
