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Extending access to super to ‘muddy the waters’ warns BT

Miranda Brownlee
14 February 2018 — 1 minute read

Superannuation should be quarantined for longer-term savings and should not be available for funding elective, non-critical health issues, according to BT’s general manager of superannuation.

BT general manager of superannuation Melinda Howes said while there will always be a place for superannuation money to meet worthwhile needs, it is critical to preserve the integrity of Australia’s retirement savings system to ensure that Australians have access to their long-term savings when they most need it.

Ms Howes said the recent calls supporting access to super for purposes other than funding retirement such as elective, non-critical health issues raises some concerns.


“The system already has in-built provisions for access in special circumstances including for compassionate grounds and hardship, and these are assessed on a case by case basis. But calls to use super which go beyond this, which are for discretionary uses, will only muddy the waters and confuse super’s core purpose,” Ms Howes said.

“This is heightened by the fact that Australians are ageing and living longer than ever before. If the gates to access super are opened for other matters, this will potentially leave Australians worse off in the longer term.”

Ms Howes said Australians are lucky to enjoy one of the longest life expectancies, with the life expectancy for Australian males the third highest in the world and the life expectancy for females sixth highest in the world.

 “Living longer presents both a blessing, but potentially also a problem. We could live up to twice as long in retirement as we expect. But how will our longer lives be funded?” she said.

Miranda Brownlee

Miranda Brownlee


Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years. 

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: This email address is being protected from spambots. You need JavaScript enabled to view it.

Extending access to super to ‘muddy the waters’ warns BT
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