If a re-elected Prime Minister unlocks superannuation programs allowing people access to super savings for house purchases, he will be committing a massive blunder. It has already happened once, with people able to draw down on superannuation during the Covid epidemic of 2020. This depletion of savings and the compounding interest they attract, will never be recovered.
I became a superannuation fund member in 1975. Then aged 29, I could not see much point in super programs, for one’s working and earning life had many decades to run. Now aged 76 and 10 years into my retirement years, I am thankful every day for investing in a secure financial future through superannuation.
Please PM and political leaders, don’t let people prematurely break into their super funds. Such an allowance will abort the financial security they deserve during their retirement years.