Quantcast
au iconAU

 

 

Huge spike in early super withdrawals for new financial year

ATO figures indicate that early super withdrawals have seen a $7.1 billion spike since 1 July, and will soon surpass the Treasury’s initial estimate.

Huge spike in early super withdrawals for new financial year
smsfadviser logo
Huge spike in early super withdrawals for new financial year

According to figures from the ATO, early super withdrawals have seen a $7.1 billion spike since 1 July, and will soon surpass the Treasury’s initial estimate of $27 billion in withdrawals as the second round of $10,000 withdrawals began. 

Read more at SMSF Adviser

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox