Monday, June 1, 2020

Living large - emergency super access used for clothing, alcohol, gambling; PWC warns that without tax reform, budget could remain in deficit for 19 years

Concerns are rising that Australian's dipping into their superannuation in the face of an economic shock are living large rather than buying essentials. 

Alpha Beta director Andrew Charlton says two third of emergency super funds are being spent on disrcetionary items rather than essentials. 

PWC partner Paul Abbey tells ABC's Peter Ryan that without tax reform, the budget could remain in deficit for two decades. 

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