Business
Superannuation early withdrawals near $30b as new financial year sees double-dipping – ABC News
The new financial year has triggered what some are describing as a fresh “run” on superannuation funds as the Government’s early withdrawal scheme allows people to take out another $10,000.
Desperate times have seen many Australians raid their superannuation accounts to the tune of the maximum $20,000 early withdrawal since the coronavirus pandemic struck.
Key points:
- The latest APRA figures show there have been around 2.7 million early withdrawals from superannuation
- Labor warns there is a “run” on super accounts, with around half a million people draining their balances completely
- The Government says talk of a super “run” is alarmist and the $30b withdra…
Continue Reading
-
Business23 hours agoCan the Xero share price deliver a 17% return after the US acquisition?
-
General18 hours agoFirefighter suffers ‘potentially life-threatening injuries’ in truck crash at Mundoolun, south of Brisbane
-
Noosa News22 hours agoTwo people charged after Mooloolaba stabbing
-
Noosa News22 hours agoMaroons name Gehamat Shibasaki for State of Origin debut against Blues, Josh Papali’i returns