Business
1 million Aussies at risk of $25,000 fine – Yahoo Finance Australia
Those who incorrectly accessed their super early twice could cop a double whammy.
Australians who dont meet the eligibility criteria to access up to $20,000 of their superannuation early and did so anyway could be at risk of more than $25,000 in fines, according to the Australian Taxation Office (ATO).
Around 2.6 million Australians access their super early under the governments early super release scheme, with 1 million accessing it twice.
Earlier this year, the ATO warned Australians caught attempting to withdraw their super without meeting the eligibility requirements co…
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