Early access to superannuation during COVID-19

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.

Piggy bank Source: Getty Images/Peter Dazeley

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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