Early access to superannuation during COVID-19

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The economic damage inflicted by COVID-19 restrictions has seen over three million Australians dip into their superannuation savings. Whether you need that extra boost in cash or not, financial experts say it is nonetheless a good time to review the state of your superannuation account.

Highlights
  • Figures from the Australian Prudential Regulation Authority shows 3.1 million Australians have accessed their superannuation ahead of retirement during the coronavirus pandemic
  • Scammers are increasingly targeting early access to superannuation funds of non-English speakers
  • Services Australia provides a free financial information service to help Australians make informed financial decisions in multiple languages.
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