What is superannuation fund

Superannuation Fund is a retirement fund , will get after retirement . Like in our country after retirement, we gets provident fund , Gratuity etc .Like in Australia & Newzealand they use word Superannuation fund . So Superannuation fund is nothing but retirement Fund in some Countries. 

Employer & Employee both contribute to Superannuation fund  in Certain  percentage. 

In India an approved superannuation fund (Part B of the Fourth Schedule) is an employer-sponsored pension fund: the employer's contribution is a taxable perquisite only to the extent that, together with PF and NPS contributions, it exceeds Rs 7.5 lakh a year under Sec 17(2)(vii), and a commuted payment on retirement or death is exempt under Sec 10(13).