A private superannuation fund to which an individual makes recurring,predetermined payments for a given number of years into the plan is called a/an:

Question

Quizplus · Accepted Answer

The description given in the question matches the definition of a superannuation savings plan, where an individual makes regular payments for a set number of years into the fund in order to accumulate savings for retirement. The other options (approved deposit scheme, standard superannuation scheme, and single premium scheme) do not specifically describe a plan in which an individual makes recurring, predetermined payments for a certain period of time.

A Private Superannuation Fund to Which an Individual Makes Recurring,predetermined