What Is Superannuation?

Hi
Can you please guide me and give theinformation for the Qs below
1.What is superannuation?
2.What is eligibility to be entitled for superannuation?
3.If the person works for 4.5 yrs and resigns, he is entitled to receive the benefit?
4.And what is base of calculating superannuation?
Regards
RC

Hi,
Superannuation is a salary component.
It means
An investment vehicle which operates primarily to provide benefits for retirement. Superannuation savings are usually made through trust funds and if these funds meet prescribed government standards they are eligible for tax concessions. ins simpler words its setting aside funds during working life for use as retirement income.
Could refer to the below link for more details.
http://www.taxmann.com/TaxmannDit/Di...2.aspx?md=24&t yp=cn&yr=2007&chp=302
Hope this helps you .. Frankly speaking have not gone throught the link but the site has a lot of information bout taxes..
Regards,
Kanupriya