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More Australians are using their superannuation for medical procedures. But that might put their financial health at risk

  • Written by The Conversation
More Australians are using their superannuation for medical procedures. But that might put their financial health at riskfizkes/Shutterstock

A record number of Australians are accessing their superannuation early on compassionate grounds, mainly to fund their own medical procedures – or those of a family member.

Some 150,000 Australians have used the scheme in the last five years. Nearly 40,000 people had applications approved in 2022-23, compared to just under...

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