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Flat White

Another supercilious superannuation superimposition

24 August 2020

7:25 PM

24 August 2020

7:25 PM

Here’s a little nugget that the superannuation ticket clippers won’t tell you. Early Covid related superannuation withdrawals come with a government tax bonus, and for many people, early withdrawal is an entirely rational exercise.

This is how it works. Going in, superannuation contributions are generally tax free. But early withdrawals, for example on compassionate grounds, are normally taxed.

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