"It's survival money": Samuel is drawing on his #super early but is concerned about the long-term impact. #abc730 @carringtonAU @kirstenrobb #superannuation #coronavirus #COVID19 abc.net.au/news/2020-04-2…
Income from Samuel Clarke’s online media business has slumped by 60 per cent due to the #coronavirus pandemic. To stay financially afloat he has applied to withdraw the maximum $10,000 he’s now allowed to take from his super. #abc730 #COVID19 #superannuation
Samuel Clarke is one of more than 900,000 Australians who have been granted early access to their superannuation. #abc730 #superannuation #coronavirus #COVID19
Financial analysts at @ChantWest estimate a 30-year-old withdrawing $10,000 now will have $25,000 less when they retire. This equates to a $1,400 a year drop in retirement income. #abc730 #superannuation #coronavirus #COVID19Aus
“Everything that the government has done around the COVID-19 response has been proportionate. It's been targeted, and it's been temporary.” – @SenatorHume, Assistant Minister for Superannuation. #abc730 #superannuation #coronavirus #COVID19
“It's not something I think anyone would be wise to undertake lightly. This is money that should be saved for retirement, ideally, but we're in exceptional circumstances.” – Samuel Clarke, who is withdrawing money from his super. #abc730 #superannuation #coronavirus #COVID19
“I'm in a share house, I don't have a job, I can't pay rent. So I've moved back to my parents’ home from where I haven't lived for at least 10 years. So that's a big shock to my lifestyle.” Michaela Menhartova has applied for early access to her #superannuation. #abc730 #COVID19
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