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No, that's exactly how it works in Australia - a compulsory tax advantaged managed investment account for the individual. There is a separate social security-type (pension) scheme that may or may not still exist for future generations, but superannuation is very much your own asset.

That's the old system, I had a choice of staying with the "old" system or moving to the superannuation scheme. My older (read: then about to retire) colleagues told me I HAD TO move to the "new" system, as by the time they retired and took out their money, there would be no money left in the "old" system for me.

It is in an account with their name on it. If the government of Australia wanted to use the money for something, it would be the same as taking money from people's bank accounts.

It is a savings system, not taxation.

NZ has a similar (but shit in comparison) system.

It literally is in an account with your name on it.