It is a challenging question about how to help lower income earners to top up. The Co-contribution has helped a little and the new refund of contributions tax helps but these are fairly minor in the long run. Maybe the contributions cap should be a set % of your income (with some kind of bring-forward rule to reduce exceeding the caps), or maybe (borrowing from some defined benefit funds) you have to put say 3 times your final salary into an annuity and the rest can be drawn on as you wish??
Plenty of options but not when the philosophical thinking of the government is to help everyone, except those that help themselves the most.
