Superannuation is a retirement savings system designed to help individuals accumulate funds for their retirement. In many countries, employers are required to contribute a percentage of an employee's salary into a superannuation fund, which is then invested to grow over time. This ensures that individuals have financial support when they retire. Individuals can also make additional contributions to their superannuation fund, which can provide tax benefits and increase their retirement savings. Access to these funds is typically restricted until a person reaches a certain age, ensuring that the money is used primarily for retirement purposes.