You are clearly one of those in the middle. Those at the top end get a huge benefit and would save, one way or another, to fund their own retirement. For these folks a huge gift from the taxpayer.
And those who don't have enough in their super $700k or what ever the current value is, and still get a full pension, another huge gift from the tax payer. They get all the tax relief and still get the pension!
For most folks on a part pension it is still a gift as they get some pension and all the concession benefits to boot.
For those like you who have enough to not get the pension, and at the same time are not super well off, well you still have had the advantage of the tax relief,and you will still get the pension one day as your assets start to run down.
Mind you so is negative gearing, and a host of other interesting ways to reduce tax. All gifts from the taxpayers of Aus.
