The application period for early access to superannuation will be extended from 24 September to 31 December 2020 for individuals who are still financially impacted by COVID-19.
The most recent APRA figures put early super withdrawals at $28 billion, slightly above the Treasury estimate of $27 billion.
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Stimulate the economy – release all our super balances, what can go wrong?
Is it just me worrying about the gradual erosion of any chance the average Australian has at a comfortable retirement free from the constraints of government social security support?
taxpayers are funding corona shutdown, with their super
I’m sure this policy won’t be a decision the government and Australian’s in general won’t regret and pay for over the next 30+ years! …Then blame financial advisors for the mess and penalize them for the clean up.