Early super withdrawals cost $4.7 billion in lost returns :

Early super withdrawals cost $4.7 billion in lost returns


Early super withdrawals cost $4.7 billion in lost returns
Save
Share
The 3 million Australians who withdrew superannuation as part of the government’s early access scheme have already lost $4.7 billion in investment returns, a report from the left-leaning McKell Institute says.
The $36.4 billion withdrawn through the “Early access to your super” scheme would now be worth $41.1 billion if it had continued to be invested in superannuation, estimates a report released by the institute on Monday.
The policy led people to withdraw superannuation at the bottom of the market, meaning participants have missed out on the subsequent economic recovery, which has resulted in super fund indices increasing by 15 per cent - 20 per cent, the report said.

Related Keywords

Australia , Australian , Stephen Kirchner , Michael Buckland , Mckell Institute Mr Buckland , Mckell Institute , Us Studies Centre , Australian Bureau Of Statistics , Australian Bureau , ஆஸ்திரேலியா , ஆஸ்திரேலிய , ஸ்டீபன் கர்க்‌நர் , மைக்கேல் பக்லேண்ட் , ம்க்கெல்ல் நிறுவனம் , எங்களுக்கு ஆய்வுகள் மையம் , ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஆஸ்திரேலிய பணியகம் ,

© 2025 Vimarsana