• Australian pension funds are more commonly referred to as superfunds.

  • There are two types of pension funds; defined benefit funds and savings funds.
  • The distribution of the accumulation fund and the total value are subject to market fluctuations.
  • Defined benefit plans are not subject to market fluctuations, but they can be mismanaged and end up running out of funding.
  • Both types of superfunds have special taxation conditions depending on the contribution and the circumstances of the contributor.