Covid recovery probably opens opportunity for large scale change in retirement policy. Universal taxable age pension seems like it is being floated in a fairly serious way. example is this article. https://www.mercer.com.au/newsroom/mercer-calls-for-universal-age-pension-for-greater-security-of-retirement-income.html It could clean up the system no end and facilitate the demise of “Labor’s” superannuation policy. Universal taxable age pension albeit set below current age pension levels would be the carrot. The stick could be universal taxation rates – ie elimination of tax subsidies based on age. (eliminates franking leakage but without adopting Labors plan) Harsh income and asset test (including primary residence) for those that need top up from universal pension level to poverty prevention levels. Superannuation becomes optional. Super guarantee rates revert to wage income in hand Tax subsidies on optional retirement saving incentives could be decreased. Its easy to see policy that results in both more current tax revenue in governments hands and more current spending money in punters hands. Retirement funding goes back to cross generational model, money saved to date in super system for retirement instead starts to flow for rainy days. It is raining now, early release for covid might be tip of the iceberg in government thinking. For some individuals super has facilitated independent retirement but the success of the system as a whole is more questionable. Our private housing debt has basically matched the super pool saved, how much net savings for retirement is really going on at a system level? Thoughts Will we see major change – is there need for major change?