Oz Blog News Commentary

Early superannuation withdrawals hit $18 billion

July 7, 2020 - 09:30 -- Admin

The Australian Prudential Regulatory Authority’s (APRA) weekly update on the Morrison Government’s early superannuation release policy reveals that another $991 million was pulled from Australia’s superannuation pool, raising total withdrawals to $18.1 billion: As you can see, 2.4 million applications for early release have been paid averaging $7,698 per withdrawal. Looking at the breakdown, you

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