Pauline Hanson is targeting superannuation. Should it be easier to access your savings?

Investment experts say early withdrawal can substantially reduce retirement funds, but they suggest reducing contribution rates Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The superannuation system is Pauline Hanson’s latest target. The One Nation leader has made it clear that her party backs looser rules around how Australians can access their retirement savings. In a cost-of-living crisis, she argues it’s not right to force people to save for the future when they can’t make ends meet today. “Some people, you know, who need these [medical] operations can’t get access to their superannuation to have that done,” Hanson claimed this week. “Superannuation should be lightened up a bit so people can utilise this money in times of crisis. It is their money.” Jane Hume, the deputy Liberal leader, in response said the Coalition would revisit whether Australians should be able to get access to their retirement savings early – albeit for the narrower purpose of helping buy a first home. Hume added: “I do think that superannuation is highly valued by Australians, it’s not something that you need in your working life, it’s