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Not all beer and pokies: what Australians did with their super when COVID struck

  • Written by The Conversation
Not all beer and pokies: what Australians did with their super when COVID struckShutterstock

What happens when people withdraw their retirement savings early?

We’ve just found out.

During the first year of COVID Australians who faced a 20% decline in their working hours (or turnover for sole traders) or were made unemployed or were on benefits were permitted to take out up to A$10,000 of their super between April and June...

Read more: Not all beer and pokies: what Australians did with their super when COVID struck

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