Australians pulling more money out of retirement savings early

Tax Office figures show 63,300 Australians took $1.4bn from their superannuation — their retirement savings — early on compassionate grounds in 2024-25, up 40% on the prior year and nearly double 2022-23's $762m. Most went to medical treatment. One Nation wants to make it easier to access super; Labor wants to protect the $4.4tn system.