The age Australians can access their superannuation savings will not start increasing to 70 from 2025, despite claims that are winding up social media users.
The Australian Taxation Office (ATO) says the age at which retirement savings in super can be accessed is set at 60 and will not change from June 1, 2025.
The claim is in Facebook posts from outraged social media users saying the recently re-elected Labor government is set to increase the superannuation preservation age by ten years by 2030.
Tax office lashes 'dodgy websites' over false superannuation claims
WHAT WAS CLAIMED : Australia's superannuation preservation age will gradually start rising to 70 from June 1, 2025.
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