Aware Super chief executive Deanne Stewart is urging the federal government to review hardship and compassionate release rules and examine the frozen $10,000 withdrawal cap as struggling households buckle under the cost-of-living crisis.
Stewart said the $10,000 threshold – untouched since 1997 – should be examined, as well as whether there is sufficient help for people who find themselves in rental arrears. Had the threshold risen in line with inflation, the limit would be about $21,500 to $22,600 today.
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