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Early super numbers rise

Lachlan Maddock
— 1 minute read

Senator Jane Hume has revealed the number of Australians who have accessed their superannuation has risen sharply.

When the numbers were announced, 456,000 Australians had requested early access to their superannuation, totalling $3.8 billion in claims. The average withdrawal was $8000. 

That number has leapt to 527, 000, totalling $4.4 billion, according to Senator Jane Hume. 

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“Important to remember, behind every application is a story of financial hardship,” Senator Hume tweeted. 

Cash payments of $750 have also now gone out to 6.8 million people, while 900,000 businesses have registered their interest in accessing the JobKeeper payment, the applications for which have only been open for three days. 275,000 businesses have filled in those applications, about half of which are sole traders. 

The ATO has also paid out $3 billion to 177,000 businesses as part of the government’s cash flow boost measures.

 

Early super numbers rise
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