Is superannuation still effective?

With the raft of recent reforms to super, is superannuation still the best long-term wealth accumulation structure? One could be forgiven for thinking that superannuation was no longer worth it.

With the reduction in concessional contribution caps to $25,000 each year, and maximum non-concessional contributions of $100,000 per annum, no doubt clients are asking “how is anyone going to put enough away to reach the $1.6 million transfer balance cap?”