Business
Aussies raid industry superannuation funds – MacroBusiness
APRA has released its weekly update on the Morrison Government’s early superannuation release program, which reveals that a whopping $6.1 billion was withdrawn in the week ended 12 July: Over the course of the scheme, more than 2.5 million Australians have wi…
APRA has released its weekly update on the Morrison Government’s early superannuation release program, which reveals that a whopping $6.1 billion was withdrawn in the week ended 12 July:
Over the course of the scheme, more than 2.5 million Australians have withdrawn $25.3 billion from their retirement nest eggs, averaging $7,718 per withdrawal.
As shown in the below charts, the top six targets for superannuation withdrawals were all industry funds, which combined accounted for just over half o…
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