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Cushioning the blow of coronavirus with your super is a bad idea. Here’s why

Byindianadmin

Mar 23, 2020 #'Super, #Here's
Cushioning the blow of coronavirus with your super is a bad idea. Here’s why

By Nicki Hutley

Updated

March 23, 2020 16: 54: 02

We live in extraordinary times and that calls for extraordinary measures. The stakes are high and the costs will be even higher.

Given the nature and scale of this unprecedented COVID-19 crisis, it seems churlish to nit-pick any of the significant measures aimed at “cushioning the blow” of the enormous economic impacts we face.

But that does not mean that any decisions that we could ultimately regret should go unchallenged.

The move to grant early access to superannuation balances of up to $10,000 this financial year, and the same again next, for those in financial stress sits uneasily with me, although

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