Your income and subsequent super contributions will also most likely go up by around 2-3% per annum. Taxes within super were also not factored in.
We would need an actuary but the argument that the system is well designed still stands, as long as people are a little more involved and contribute slightly more than 9.5% along the way.
Super is the greatest gift labor has given to Australia; this is coming from someone unlikely to ever vote for them.
