Warning for Superannuation double dippers
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Over 340 000 Australian have taken to double dipping into their Super funds during the Coronavirus pandemic.
Millions of Aussies lost their jobs during the pandemic and receiving up to $20 000 now seems like a good idea to help themselves through the crisis.
“If your 25 and you’re accessing your super to buy a new car and you’ve cleaned out your whole balance, then that car is going to cost you $100 000 in the end,” Jason Featherby, Managing Director from Knight Financial said on 6PR.
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