What is a superannuation scheme?  
A superannuation scheme is a contribution scheme whereby a series of payments is made to the company administering the scheme. At the time of maturity of the scheme (usually at the age of retirement), the monies accumulated together with the interest earned will be paid to the member of the superannuation scheme. The accumulated sum may be payable in one lump sum or in a series of payments, depending on the choice of the members.

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