Queenslanders ‘falling foul’ of banks with early super

The Saturday Courier-Mail can reveal more than 600,000 Queenslander’s have accessed $9.8bn through the superannuation early release program.Across Australia 4.7m people have raided about $36bn from their superannuation accounts since April when the federal government unlocked the retirement nest egg in response to COVID-19. Digital Finance Analytics Principal Martin North said there was anecdotal evidence people who pulled money out of superannuation to use for a home deposit had been denied. “The…



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