Workers are compelled to over-contribute to superannuation and should be allowed to cash out anything above 8 per cent of wages, Grattan Institute housing policy expert Brendan Coates says.
“There is now a really strong case for allowing early access – ideally, not just for housing, but to allow people some choice,” Mr Coates told The Australian Financial Review Super & Wealth Summit.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
