Australians took more than $1.4bn from their super last year for everything from weight loss to dental work

Last year, Australians withdrew over $1.4 billion from their superannuation funds for various expenses, including weight loss treatments and dental work. This trend has raised concerns among watchdogs, who warn that some businesses and practitioners may be exploiting the compassionate release process of superannuation. This situation highlights the need for stricter regulations to protect consumers and ensure that superannuation funds are used appropriately, as many individuals may not fully understand the implications of accessing these funds for non-essential services.