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AAP
AAP
Politics
Poppy Johnston

Super cash-ins lump taxpayers with $85b 'long COVID'

Covid-19 Pandemic
Taxpayers face bigger bills to help fund people who took money from their super during COVID. (Paul Miller/AAP PHOTOS)

Up to $85 billion in extra taxpayer funds will needed by the end of the century to support those without enough super after millions of Australians tapped into their accounts early during the pandemic.

Analysis from the Super Members Council, which mainly represents industry super funds, found the early release scheme could cost taxpayers between $75 billion and $85 billion by 2085.

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