Create a measurement for what people need to retire with in terms of an average income and create policy to allow them to reach that figure in the quickest possible amount of time.
What is the "Grocery Basket of Life". What does the average person / couple need to live a comfortable life in Australia in retirement?? Lets assume that figure is $1.2M returning 5% pa.(couple) $900K @ 5% Single person. On that basis all contributions to super would be tax deductible at 150%. ie, $1.50 deduction for every $1.00 contribution until the person / couple reached the applicable figure.