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

By Nathan Wang-Ly, PhD Student, School of Psychology, UNSW Sydney
Ben Newell, Professor of Cognitive Psychology, UNSW Sydney
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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 2020, and a further $10,000 between July and December.

Five…The Conversation

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