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Australian Prudential Regulation Authority reveals more than $37bn has been sapped from super during pandemic – NEWS.com.au
Australian Prudential Regulation Authority reveals more than $37bn has been sapped from super during pandemic
More than $37bn has been sapped from retirement funds through the federal governments early release of superannuation scheme.The Australian Prudential Regulation Authority has revealed $37.3bn has been requested in hardship claims over the life of the assistance measure, with 4.9 million applications being lodged with the tax office throughout the last calendar year.
Early release was key a support measure implemented by the Morrison government during the coronavirus pandemic. It allowed Australians…
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