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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.

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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  • Almost 3 million Australians have withdrawn their superannuation early under the Government’s coronavirus response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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