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Thread: What is Superannuation?

  1. #1
    Join Date
    Nov 2016
    Location
    India
    Posts
    108

    Default What is Superannuation?

    I am getting interviewed for a role and recruitment agency has told me the hiring company will pay 7% superannuation on top of base pay.
    My questions:
    1. What is Superannuation?
    2. Will it be paid out along with the pay or I need to wait to get it?
    3. Will there be a lock in period?

    Thanks

  2. #2
    Join Date
    Feb 2008
    Posts
    37,228

    Default

    Here is an old thread on something of the same subject, perhaps. https://www.enz.org/forum/showthread.php?t=45075

    However, what the recruitment agency has told you is in such general terms that it's not clear exactly what they mean. For a start, are they referring to Kiwi Saver, or a private pension of some kind? My feeling is that you need to ask the agency, or the potential employer, to explain the terms of the offer.

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