How we dipped into our super during COVID

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The Money - ABC RN

News & Politics


Last year in the pandemic a lot of people withdrew their superannuation under the Early Release Scheme. For many, it was a lifeline to cover food, rent and pay down debt in case things got worse. For others, it was about replacing an ageing car, or trying to save or even start a business. And surprise, surprise, overall it's worked out worse for women than for men. Plus, cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you. Guests: Shane Oliver, Chief Economist, AMP Capital Melissa Birks, General Manager, Advocacy, The Australian Institute of Superannuation Trustees Gillian Kilgour, MetalSmiths Jewellery Collective Tamika Hicks, Manager and Founder, Cardinia lakes Early Learning Centre Marcus Erikson, Director of Intelligence, AUSTRAC