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Unless it's a business. In any case, if you start early and can continue to use leverage outside super, you may not need to even consider super by your late 40s. True. I'm generally against super, but I recognise that in some (very) limited cases, it's a good vehicle.

The difference is, there are few advantages for young people to use super. And with super there is no 'in the meantime'. Once it's in there, it's in there. If I want to move assets out of a family trust, I can, though at a cost. Super is locked in. In any case, trust law, for example, has a...

Would it make you feel better if they just raised the tax rate by 9% instead and they really take it away? What we want doesn't matter. Is tax payable 'your' money?

Family trusts with corporate trustees can be easily passed to heirs without change of ownership of the assets. Assets held in personal names can be effectively passed on via testamentary trusts, which has other benefits. Super is designed to fund retirements for people who would otherwise...