1. Most developed countries around the world have policies to ensure that their aged citizens can rely on some form of income in retirement.

2.  Superannuation is particularly important to Australia as it has an ageing population with one of the longest life expectancies in the world.

3. The major benefit of superannuation investment comes from the difference between a taxpayer's personal tax rate and the concessional superannuation fund tax rate

4. According to Tax Expenditures Statement 2015, the superannuation tax concessions are Australia's second most expensive tax expenditures.

State True or False