Govt pause wipes out $1t in super: Labor

Australia's national savings pool will be almost $1 trillion worse off within four decades because of Abbott government superannuation decisions.

That is according to new modelling released by Labor after last week's Intergenerational Report.

Opposition Leader Bill Shorten will say in a speech at Melbourne's Monash University on Wednesday the government is being short-sighted by freezing the superannuation guarantee and scrapping the low-income superannuation contribution.

In total, the national savings pool would be $983 billion worse off by 2055 due to the two policy changes, the analysis showed.

An average income earner, aged 25, will retire with $100,000 less in savings, the modelling shows.

"The Liberals' attack on Australia's world-class compulsory superannuation scheme will undermine retirement savings by nearly one trillion dollars and put greater pressure on the age pension," Mr Shorten will say.

"This short-sightedness says everything about the Liberals' vision for Australia - pensioners will be poorer, superannuation holders will be poorer."

Mr Shorten will also use the speech to his alma mater to spell out his vision for higher education.

The Abbott government has frozen the super contribution at 9.5 per cent until mid-2021, after which it will gradually rise to 12 per cent by mid-2025.

Labor has argued it should rise to 10 per cent in mid-2015 and hit 12 per cent by mid-2019.

The Intergenerational Report released last week showed Australia's ageing population would put enormous pressure on pensions, health and aged care over the next four decades.