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Superannuation News

The latest superannuation news and tips

Alison Cheung

Finance Writer

COVID-19 drags women 36 years away from economic equality

COVID-19 has pulled Australian women four years further from economic gender equality, with the economic shock leaving more women without full-time jobs.

Superannuation

25 Aug, 2020

6 min read

COVID-19 drags women 36 years away from economic equality
Tony Ibrahim

Senior Journalist

Number of people dipping into super drops to record low: APRA

The number of people dipping into their retirement fund to fare the pandemic has reached an all time low, but industry groups warn younger generations will retire with $100 billion less.

Superannuation

25 Aug, 2020

4 min read

Number of people dipping into super drops to record low: APRA
Tony Ibrahim

Senior Journalist

How Australians are spending their COVID-19 superannuation withdrawal

The people who dipped into their superannuation twice spent more money the second time round on groceries, paying down debt, clothing and more, according to an analysis of banking data.

Superannuation

17 Aug, 2020

4 min read

How Australians are spending their COVID-19 superannuation withdrawal
Tony Ibrahim

Senior Journalist

COVID-19: Early release of superannuation stirs debate as fraudsters strike

Some of the money lost from dipping into superannuation early as a response to COVID-19 will be offset by higher pension payments, research by a non-partisan think tank suggests.

Superannuation

11 Aug, 2020

4 min read

COVID-19: Early release of superannuation stirs debate as fraudsters strike
Alison Cheung

Finance Writer

COVID-19 forcing quarter of working Australians to delay retirement plans: Colonial First State survey

Nearly a quarter of Australians aged 30-65 say COVID-19 is forcing them to push back their retirement.

Superannuation

10 Aug, 2020

4 min read

COVID-19 forcing quarter of working Australians to delay retirement plans: Colonial First State survey
Tony Ibrahim

Senior Journalist

Throwing people on smoker policies earned seven superannuation companies millions: ASIC

Seven superannuation companies have been caught overcharging customers by defaulting them onto health policies for smokers, leading to a multimillion dollar windfall.

Superannuation

10 Aug, 2020

3 min read

Throwing people on smoker policies earned seven superannuation companies millions: ASIC
Alison Cheung

Finance Writer

Two thirds of Aussies who accessed super plan to double dip

Two thirds of Australians who have already dipped into their superannuation want to take out more this financial year.

Superannuation

05 Aug, 2020

4 min read

Two thirds of Aussies who accessed super plan to double dip
Alison Cheung

Finance Writer

Second-time superannuation dippers surge to more than a million

The number of coronavirus-affected Australians hoping to dip into their retirement savings for a second time has surged to more than 1 million.

Superannuation

03 Aug, 2020

4 min read

Second-time superannuation dippers surge to more than a million
Alison Cheung

Finance Writer

Coronavirus-affected Aussies allowed more time to dip into super

Australians financially impacted by COVID-19 will have another three months to cash out their superannuation, as the government extends the application deadline to the end of the year.

Superannuation

26 Jul, 2020

4 min read

Coronavirus-affected Aussies allowed more time to dip into super
Alison Cheung

Finance Writer

800,000 return for second superannuation withdrawal as COVID-19 flattens returns

Applications to cash out super balances for a second time have hit 800,000 in the first 12 days of the financial year.

Superannuation

20 Jul, 2020

4 min read

800,000 return for second superannuation withdrawal as COVID-19 flattens returns
Alex Ritchie

Personal Finance Editor

ATO tips for Aussies considering accessing their super early

If you’re looking to dip into your super for financial support, here are some handy tips that you’ll want to know before you begin your application.

Superannuation

18 Jul, 2020

5 min read

ATO tips for Aussies considering accessing their super early
Alison Cheung

Finance Writer

Superannuation double dippers hit almost 350,000 in five days

Hundreds of thousands of coronavirus-affected Australians have flocked to cash out their superannuation in the new financial year, with most of them being repeat applicants.

Superannuation

15 Jul, 2020

3 min read

Superannuation double dippers hit almost 350,000 in five days

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