The problem for the government is not about people financing their retirement with their super but about people financing their retirement by means of getting access to the government pension, which comes out of recurrent revenue. And it has been in this area that most significant changes have been occurring. The principle here seems to be that If you have super then you should use all of it before coming to knock at government's door.
Super is full of incentives that one should not disregard, incentives that are increasingly being seen as too generous. Contributions, income and withdrawals are all being taxed at concessional tax rates, a savings that one should not miss. Super also offers some other advantages that most people are not aware of, like, for instance, being protected from creditors during bankruptcy.
Government may fiddle with the incentives but even if all of them come to disappear then super would not be treated as differently from any personal portfolio of assets.
