Drawing on your Super: an absolute last resort.
As devastating as COVID-19 has been, they are still not the conditions that we believe should see you accessing your Super
So far, stimulus measures totalling $213.6bn from the commonwealth, $11.8bn from the states and $105bn in RBA-government lending have been designed and implemented.
Given the size of the current stimulus measures, questions were raised around whether we had reached the conditions where you should be accessing your Super which was ultimately the focus of our live webinar on Friday in our new weekly series, From the Bunker.
The questions from the webinar and the presentation itself are below for you to watch. Each Friday, we will hold a live Q&A on an important topic and welcome your questions. This Friday at 10:30 am AEDT we will be discussing the effect of COVID-19 on the US, creating a risk for Australia, with a focus on the US employment figures.
You can view a recording of the webinar here:
(Use the Chapter feature in the video above to jump to the question)
14:50: Should one make additional personal contributions into Super at this moment?
20:40: Given the COVID-19 situation, do you think Vanguard will still enter the Australian Superannuation system?
28:06: Is there an easy way to calculate fees as a percentage?