Gratuity vs Superannuation - What's the difference?
gratuity | superannuation |
A reward, service, or payment provided freely, without obligation.
(common usage ) An additional charge placed for services rendered; see also: service fee.
(usually, uncountable, UK, Australia, New Zealand) A retirement benefit fund, an accumulation of regular deductions from one?s wage or salary while employed and similar regular contributions from the employer, usually administered by an independent entity; a pension.
* 1823 , Edmund Burke (editor), Annual Register: 1822 , Volume 64,
* 1840 , John Henry Barrow (editor), The Mirror of Parliament , Volume 4,
* 1991 , John Godwin, Michael Costa, Julie Hamblin, Mark Duffy, David Patterson, Australian HIV/AIDS Legal Guide ,
* 2010 , Stephen J Marsden, Australian Master Bookkeepers Guide [2009/10] , 3rd Edition,
(uncountable) The act or process of being superannuated.
As nouns the difference between gratuity and superannuation
is that gratuity is a reward, service, or payment provided freely, without obligation while superannuation is a retirement benefit fund, an accumulation of regular deductions from one′s wage or salary while employed and similar regular contributions from the employer, usually administered by an independent entity; a pension.gratuity
English
Noun
(gratuities)Synonyms
* contribution * cumshaw * donation * gift * graceExternal links
* *superannuation
English
Noun
(en-noun)page 137,
- One of the principal objections to it was, that the period of service, after which superannuations were granted, was too limited,.
page 2867,
- I think it would be harsh to deprive them of their superannuations without a knowledge of the circumstances under which they are proposed.
page 465,
- A person must not discriminate by failing to supply superannuation' or insurance, or in the terms on which, or in the way in which ' superannuation or insurance is supplied.
page 578,
- If an entity employs temporary residents who are eligible for the superannuation' guarantee, then the entity is required to make ' superannuation contributions for them.
