Powered by MOMENTUM MEDIA

Early super numbers jump

Lachlan Maddock
— 1 minute read

The early super release scheme has continued to see massive uptake.

Over the week to 10 May, super funds made payments to 390,000 members – bringing the total number of payments to 1.19 million since inception. 

The total value of payments over the week was $2.7 billion and $9 billion since inception, while the average payment since inception is $7546. 

Advertisement
Advertisement

The number of applications has declined from the scheme's inception. 662,000 applications were received for the week ending 26 April. 1.077 million applications were received and 809,000 applications were paid during the week ending 3 May 2020. 1.334 million applications were received and 1.188 applications were paid to the week ending 10 May. 

More to come. 

 

Early super numbers jump
investordaily image
ID logo

related articles

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.