It was touted as a way of helping us through the coronavirus crisis – but experts say this policy is using our savings as a “national relief fund”.
Eligible Aussies will be able to grab $10,000 from their super this financial year and a further $10,000 in 2020-21, with applications being accepted through Australian Taxation Office online services in myGov from Monday, April 20.had already registered to take cash out before that date.But Kirstin Hunter, managing director of ethical super fund Future Super, said superannuation was “never intended to be a national relief fund”.
“We’re standing up for the baristas who make our coffees, the pilots who get us safely home and all other working people who should not have to pay for our public health crisis. The petition opened last night and is the first of its kind,” she explained. The petition argues COVID-19 should not leave the country with an “even more entrenched retirement underclass in 30 years”.
“But Australians taking money out of our retirement savings haven’t been asked if we consent to participating in this multi-billion dollar informal bailout.Mr Robinson said he was a “regular guy” who felt compelled to act.
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