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Early super withdrawals approach $10b

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AustralianSuper has paid out more than $1 billion under the government's early release scheme, with Hostplus and REST also approaching the $1 billion mark.

Overall, more than 1.2 million Australians have sought to withdraw nearly $10 billion from their retirement savings to help them through the coronavirus crisis.

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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p54qpo