Super certainly has huge benefits to ensure people don't retire...

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    Super certainly has huge benefits to ensure people don't retire with zilch at the end of their working life & then become reliant on government pensions but I think there should be outs that allow people to withdraw funds from their super pre pension age if they have secured sufficient capital to see out the rest of lives - in example if somebody takes out a lifetime annuity with annual payments exceeding that of the government funded pension then it should allow the rest of the super account to be accessed freely irrespective of age - even if they lifted that threshold to annual payments 2x the government pension as really that would be a struggle for anyone to live on.

    I also think Xenephon's call to allow young people to use Super for a home has merit - despite all the whoo haa about property bubble & super funds worried about the capital leaving their hands it really is probably the only way many young people will be able to get a foot into home ownership. Property bubble indeed but worst case scenario there is young people end up paying too much for their houses - it's not really feeding the property bubble though - these aren't investment properties.
 
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