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Withdrawing super as disposable income could ‘increase economic growth’

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Sky News contributor Peter Switzer says the option for people to be able to withdraw their superannuation from their paycheque has “a number of payoffs” as it could be used to stimulate the economy.

“if I’m a younger Australian realising everytime I lose 9.5 per cent of my pay to super it makes it harder for me to buy a home, that kind of Australian is going to say I want the disposable income,” he told Sky News host Chris Smith.

“It’ll probably increase the economic growth of Australia, people consuming more, businesses then invest, jobs created.”

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