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Early access superannuation scheme estimated to hit $42 billion in coronavirus support

More than half a million Australians are estimated to have "completely cleaned out" their superannuation savings during the COVID-19 crisis, as Treasury predicts workers will withdraw a total of $42 billion under the early-access scheme.

Early access superannuation scheme estimated to hit $42 billion in coronavirus support
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  • Shared by the ABC
  • July 31, 2020
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Treasury had initially estimated $29.5 billion would be accessed but it's radically revised that forecast up to $42 billion to reflect the Federal Government's decision to extend the scheme until the end of the year, in light of Victoria's second coronavirus lockdown.

Read more at the ABC

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