Well when you figure in 15.3% of your lifetime earnings is paid into as up to the maximum over your working life, even modest returns compounded over 50 years is a good bit of money.
You have to half that though for the money YOU paid in, unless self employed... your employer paid in the other half.
>>>your employer paid in the other half<<<
It’s just feel good Liberal nonsense. The Employer pays both halves as part of their Employee’s Total Compensation cost.
I can’t believe people really buy this doublespeak the slimy Politicians think up.