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Submitted by Wipe Out on Thu, 07/02/2020 - 13:37

I am guessing "wiped out" means reduced the super balance down to $Nil. That means the most this cohort withdrew was $10,000. What type of luxurious retirement was the $10,000 supposed to deliver?
If people were able to dip into their super earlier for extreme unexpected events like involuntary unemployment (such as the current measure) it would likely lead to greater engagement with their Super from younger members. Instead of making some negative statement on how this is eroding people's retirements the ISA should be putting a positive spin on how many of their members they have been able to help in their time of need.

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