Early access to super doesn’t justify higher compulsory contributions
- Written by Brendan Coates, Program Director, Household Finances, Grattan Institute
A big part of the Morrison government’s response to COVID-19 has been allowing people early access to their superannuation.
Australians who have claimed hardship have applied for A$30.7 billion to date.
This has been happening in an environment in which compulsory super contributions are set to climb from 9.5% of wages to 12% over the next...
Read more: Early access to super doesn’t justify higher compulsory contributions