Business
Super release slows but almost 3 million Australians have sucked billions from retirement savings – ABC News
The controversial coronavirus measure allowing Australians affected by the pandemic to tap into their retirement savings will close tomorrow.
The controversial coronavirus measure allowing Australians affected by the pandemic to tap into their retirement savings will close tomorrow.
Key points:
- Almost 3 million Australians have withdrawn their superannuation early under the Government’s coronavirus response
- $36 billion has been claimed, slightly below Treasury estimates in July
- The scheme closes on December 31
But not before nearly 3 million people have taken a total of $36 billion out of their super accounts, according to figures provided…
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