There are so many things wrong with the Government's suggestion to cap super at 10% and allow workers to receive the remaining 2% as either super or income.

Firstly, there is an obvious lack of retirement savings people will experience.

Secondly, the argument that employers can't afford the increase is ridiculous, as either way, they'd have to pay the whole thing either as full super, or as income.

Thirdly, the 2% as income will get eaten away as tax, and will be negligible.

Fourthly, you're relying on people to either save that 2% themselves (it's called SUPER). Will they save it? Maybe, maybe not.

Finally, if the Government wants people to spend that 2% increase, why not just increase wages in the first place?