Business
Mortgage offset accounts flooded with early super money – MacroBusiness
As we know, early withdrawals from superannuation ballooned to $28.0 billion in the week ended 19 July: The Australian Treasury now expects about $41.9 billion in total to be withdrawn from super funds, compared with its previous forecast of $29.5 billion. An…
As we know, early withdrawals from superannuation ballooned to $28.0 billion in the week ended 19 July:
The Australian Treasury now expects about $41.9 billion in total to be withdrawn from super funds, compared with its previous forecast of $29.5 billion.
Analysis of banking data shows that most of this money is being saved, used to reduce debts or placed in mortgage offset accounts:
Government analysis of banking sector data has indicated the vast majority of the early release payments are …
-
Noosa News12 hours agoMan arrested following alleged armed rape and kidnapping in Maroochydore
-
General5 hours agoEmergency operation underway after reports of bodies north-east of Falls Creek
-
Noosa News7 hours agoPSPA declared, Camp Mountain – Sunshine Coast
-
Noosa News8 hours agoRetail worker allegedly raped at gunpoint before 3½-hour kidnapping ordeal