Aged Pension, page-55

  1. andyno3
    11,030 Posts.
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    05/02/23
    19:14
    Post #: 66081670
    The superannuation system requires and assists individuals to save for their own retirement, while the Age Pension provides a safety-net income for those who require it. Tax concessions are given in recognition of income forgone for compulsory superannuation, and to incentivise additional savings in superannuation.

    https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook46p/RetirementIncomes
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