When an Employee Makes Regular Contributions Equal to 7% of Their

Multiple Choice

When an employee makes regular contributions equal to 7% of their salary and their employer also contributes the equivalent of 14% of salary to a superannuation fund that is an accumulation scheme:

A) the final payout benefit is stated when the member joins the fund.
B) the final payout depends upon the investment performance of the fund.
C) payment is specified under the superannuation guarantee legislation.
D) the benefit is paid in the form of a life annuity.