Melton resident John Bardsley spent $10,000 of his superannuation funds,mostly on rent.Credit:Scott McNaughton
“It was pretty annoying,spending a lot of money that I’d saved,” Bardsley said.
Bardsley said he now believes the withdrawal scheme was a bad idea.
“I heard about a lot of people buying cars and going on holidays later with it,” he said.
“A lot of people took $20,000 out,and you were like,‘Well,why?’ and they said,‘It’s my money,why can’t I have it?’ – clearly misunderstanding the role of super in the first place.”
Residents of Melbourne CBD were least likely to withdraw superannuation funds during the pandemic.Credit:Chris Hopkins
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