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Sara, aged 23, has recently commenced employment and wants to save as much of her income as she can for the long term. She asks,

Sara, aged 23, has recently commenced employment and wants to save as much of her income as she can for the long term. She asks, 'What is superannuation?' Which of the following is the most correct? Superannuation is a bipartisan government policy designed to reduce government expenditure over the short term Superannuation is an investment vehicle used to accumulate funds throughout your lifetime to provide income after retirement superannuation is an investment used to eventually replaced the aged pension superannuation is a bipartisan government policy designed to defer government expenditure

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