Business
Aussies rush to withdraw superannuation savings – MacroBusiness
The Australian Prudential Regulatory Authority (APRA) yesterday released data on the uptake of the Morrison Government’s emergency early superannuation withdrawal policy: As you can see, just under $1 billion was withdrawn from Australia’s superannuation syst…
The Australian Prudential Regulatory Authority (APRA) yesterday released data on the uptake of the Morrison Government’s emergency early superannuation withdrawal policy:
As you can see, just under $1 billion was withdrawn from Australia’s superannuation system in the week ended 5 July.
In total, just over 2.5 million people have withdrawn nearly $19.1 billion from their superannuation accounts, averaging $7,511 per withdrawal.
As shown below, the top six withdrawals have come from industry f…
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