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to $28.0 billion in the week ended 19 July: The Australian Treasury now expects about $41.9 billion in total to be withdrawn from super funds, compared with its previous forecast of $29.5 billion.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The Australian Treasury now expects about $41.9 billion in total to be withdrawn from super funds, compared with its previous forecast of $29.5 billion.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 …
-
General19 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad
-
Noosa News18 hours agoMitch Power Quick Shear event gets men talking about mental health
-
General21 hours agoThailand punches above its weight in film creativity and cross-border appeal. Here’s why
-
General13 hours agoAFL Round 18 live updates: Bulldogs vs Crows, Giants vs Cats, Tigers vs Bombers, Dockers vs Hawks — blog, scores and stats