Reference no: EM132755540
Problem 1: Which one of the following statements is correct?
a. If an employee does not nominate a superannuation fund of their choice, the default option will be for the employer to set up the employee as a member of the employer's Self Managed Superannuation Fund and direct the employee's superannuation guarantee contributions to that fund.
b. Public offer superannuation funds are available to members of the public and are also an attractive option for small businesses that do not want to establish and manage their own employer sponsored fund for their employees.
c. Industry superannuation funds are only ever available to members who work in the industry in which the funds relate.
d. Telstra Superannuation Fund is an example of a public sector superannuation fund.
Problem 2: Which of the three phases allows your balance to grow by contributing new funds, earning income on investments and producing capital growth on investments.
Select one:
a. Transition to retirement income stream phase.
b. None of the phases allows you to do all these things.
c. Retirement income stream phase.
d. Accumulation phase.
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