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Superannuation withdrawals kick up as many return for a second serve – The New Daily
Early superannuation withdrawals have jumped markedly in the new financial year as members access the scheme for a second time.
Early superannuation withdrawals have jumped markedly in the new financial year as members access the scheme for a second time.
APRA figures show that of the 511,000 applications for withdrawals in the week to July 5, 346,000 were from members seeking to withdraw for a second time.
And they took more money on average than first-time users withdrew in the first half of the program, which ended on June 30.
The early super access scheme allows members suffering financial hardship to withdraw up …
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