Superannuation News

The latest superannuation news and tips

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

Alex Ritchie

Personal Finance Editor

The $20k cost of withdrawing your super early

Millions of Australians have already accessed their super early due to the impacts of the COVID-19 crisis, however there is a downside to raiding your nest egg – and it could seriously cost you.

Superannuation

30 Jun, 2020

4 min read

The $20k cost of withdrawing your super early

Alison Cheung

Finance Writer

ATO investigating “dodgy schemes” exploiting early release of superannuation

The Australian Taxation Office is cracking down on workers who have made fraudulent applications to dip into their superannuation.

Superannuation

27 Jun, 2020

3 min read

ATO investigating “dodgy schemes” exploiting early release of superannuation

Alison Cheung

Finance Writer

5 things to know if you're thinking about making a second super withdrawal

As the end of the financial year approaches, so too does the second round of early superannuation withdrawals.

Superannuation

23 Jun, 2020

5 min read

5 things to know if you're thinking about making a second super withdrawal

Alex Ritchie

Personal Finance Editor

Young women majority of Aussies dipping into super

Young women make up half of one fund’s members withdrawing superannuation early under the government’s early release provisions, many of which are low-income earners, according to superannuation fund, HESTA.

Superannuation

20 Jun, 2020

4 min read

Young women majority of Aussies dipping into super

Alison Cheung

Finance Writer

Six ways to boost your super balance

For those who are in a tight spot with their super, RateCity has put together six ways to realistically grow your retirement funds.

Superannuation

30 May, 2020

4 min read

Alison Cheung

Finance Writer

Superannuation funds stage partial recovery as market confidence improves

Median growth superannuation funds rebounded slightly in April, after taking a major hit in previous months due to COVID-19

Superannuation

23 May, 2020

4 min read

Superannuation funds stage partial recovery as market confidence improves

Alison Cheung

Finance Writer

More than a million Aussies unaffected by COVID-19 want to draw cash from nest eggs

More than 1 million Australians whose financial situations have not been hit by COVID-19 plan to take money from their superannuation early, a new poll indicates.

Superannuation

22 Apr, 2020

4 min read

More than a million Aussies unaffected by COVID-19 want to draw cash from nest eggs

Alison Cheung

Finance Writer

617,000 of Australians affected by COVID-19 rush to dip into superannuation

Nine days was all it took for nearly 620,000 people to indicate they intend to pull money out of their nest eggs.

Superannuation

14 Apr, 2020

3 min read

617,000 of Australians affected by COVID-19 rush to dip into superannuation

Alison Cheung

Finance Writer

How dipping into your superannuation during the COVID-19 crisis could lose you money

Australians could cop major losses by dipping into their superannuation to make it through challenging conditions caused by the coronavirus pandemic, superannuation experts warn

Superannuation

25 Mar, 2020

5 min read