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COVID-19 Early Release of Super Unpacked!
Manage episode 260119086 series 2092723
With the arrival of COVID-19 to disrupt our economy and way of life, the Australian government have announced that people who have lost their job or seen a reduction in their income or hours worked, can apply to access up to $20,000 of their superannuation savings.
But is this actually a good idea? In this episode of the #mastersoffinancepodcast we explore some of the consequences of accessing your super early and attempt to quantify what this could mean for your balance over time. #havealisten
72 episode
Manage episode 260119086 series 2092723
With the arrival of COVID-19 to disrupt our economy and way of life, the Australian government have announced that people who have lost their job or seen a reduction in their income or hours worked, can apply to access up to $20,000 of their superannuation savings.
But is this actually a good idea? In this episode of the #mastersoffinancepodcast we explore some of the consequences of accessing your super early and attempt to quantify what this could mean for your balance over time. #havealisten
72 episode
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