Superannuation is a long-term savings scheme since the funds are accessed on retirement.

Name: Superannuation is a long-term savings scheme since the funds are accessed on retirement.
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Question

Quizplus · Accepted Answer

Superannuation is a retirement savings scheme in which funds are accumulated over a period of time to provide an income stream after retirement. The accumulated funds are not generally accessible until retirement age is reached. Therefore, it is a long-term savings scheme.

Superannuation Is a Long-Term Savings Scheme Since the Funds Are