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Superannuation early withdrawal won’t hurt retirement for most workers, argues Grattan – ABC News
The typical worker would see a fall in their retirement income of just over 1 per cent if they took out the full $20,000 allowed under the early super release scheme, new research finds.
The typical worker would see a fall in their retirement income of just over 1 per cent if they took out the full $20,000 allowed under the early super release scheme, new research argues.
Key points:
- Grattan Institute research suggests that workers on a typical income will lose little more than 1 per cent of their retirement income by withdrawing $20,000 in super now
- Grattan’s Brendan Coates says this is because much of the fall in super income in retirement for middle-income e…
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