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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