A superannuation fund is a retirement benefit that some employers offer, in addition to statutory benefits like EPF, where the employer contributes a defined amount (often linked to your salary) into a dedicated fund on your behalf. This corpus then typically provides you with a pension, or in some structures, a lump sum, once you retire or leave the company after meeting eligibility conditions.
Unlike EPF, which is mandatory for eligible employees and involves contributions from both employer and employee, superannuation is generally an employer-only contribution and isn't offered by every company — it's more common in larger organisations as part of a broader retirement benefits package. The tax treatment of superannuation contributions and payouts has specific rules and limits, which are worth understanding if it's part of your compensation structure.