Young women most affected by superannuation early release

Play
Stop
 
 

With COVID-19, the Federal government announced Australians could withdraw up to $10,000 from their superannuation this financial year and the following one.

According to industry fund HESTA, young female members in their mid-20s have withdrawn substantial amounts of superannuation. They argue this will leave many young women vulnerable later in life.

The Federal government will assess the superannuation system once the pandemic is over, and HESTA has proposed recommendations they say will make the system fairer for women and low-income workers.

Download Audio

The Wire is produced in partnership by

Contributor Stations

Supporters and Program Distribution