An Australian comedian has revealed his shock when $40,000 was wiped from his superannuation fund following US President Donald Trump’s controversial tariff announcement. 

Matt Hey, 29, shared a video on his TikTok account on Monday with his head in his hands as he warned fellow Aussies not to check their superannuation accounts. 

He decided to check his super balance after President Trump’s new tariffs impacted the Australian share market and caused stocks to crash. 

He was horrified to discover how much super disappeared overnight. 

‘If you’re an Australian don’t look at you superannuation today, or anytime soon,’ Hey began. 

‘I just thought I’d check for fun after hearing the news and $40,000 gone in 10 minutes.’ 

‘It’ll come back eventually… right?’

Mr Hey’s warning prompted many viewers to check whether their own super had been impacted. 

Aussie comedian Matt Hey (pictured) said his superannuation plummeted by $40,000 in just 10 minutes in the wake of Trump's sweeping tariffs

Aussie comedian Matt Hey (pictured) said his superannuation plummeted by $40,000 in just 10 minutes in the wake of Trump’s sweeping tariffs

Donald Trump last week slapped sweeping tariffs on goods being exported to the US as part of his 'Liberation Day' address, sending financial markets across the globe into meltdown

Donald Trump last week slapped sweeping tariffs on goods being exported to the US as part of his ‘Liberation Day’ address, sending financial markets across the globe into meltdown

’10 grand gone from my Rest Super,’ one commented.

Another added: ‘I lost like 5 grand??? How is this allowed?’

Another claimed 20 per cent of their superannuation disappeared overnight. 

Some added the influx of Aussies frantically trying to check their super had resulted in their fund’s website to crash and experience technical difficulties. 

Others said the tariffs had no effect on their super.

‘I’m with Rest and mine hasn’t changed at all… I mean there’s not much in there but at least it’s still there?,’ one viewer commented. 

Another quipped: ‘They left mine alone, probably knew I’d need my $4200 for retirement and felt sorry for me.’

A third wrote: ‘Do not scare me like that. Mine is still there’.

Matt Hey warned fellow Aussies to not check their superannuation accounts

Matt Hey warned fellow Aussies to not check their superannuation accounts

There were several reasons why Aussies saw varying losses in their super.

‘People that have not seen a downturn might have a more conservative risk portfolio. So the automatically selected investment options might not have been right for them,’ financial expert Alex Jamieson told news.com.au.

He urged young Aussies who have seen their super funds plummet to not to panic.

‘They certainly can ride it out because they have a long time to recover, and as super contributions are going in, they’ll be picking up additional units at a much lower price point, which is fairly attractive,’ Mr Jamieson said.

‘For young investors, you wouldn’t want to see them panic and move back to cash, because then you’re buying high and selling low.’

It comes after President Trump last week slapped a 10 per cent tariff on Australian goods being exported to the US as part of his ‘Liberation Day’ trade policy to apply reciprocal tariffs on nations that put up barriers to US products. 

The tariffs battered international financial markets and impacted Australia’s share market hard.

Key banking, tech and mining stocks suffered the biggest falls – with BHP and the Commonwealth Bank both plunging.

The Australian dollar on Wednesday plummeted to 59 US cents for the first time since March 2020 during the start of Covid. Pictured are Sydneysiders walking past the ASX Exchange Centre

The Australian dollar on Wednesday plummeted to 59 US cents for the first time since March 2020 during the start of Covid. Pictured are Sydneysiders walking past the ASX Exchange Centre

Aussies who have high-growth super portfolios were hit particularly hard, while those who have a more conservative risk portfolio might not have seen any downturn.

The impact on global financial markets stirred up fears of a global recession, which hammered the Australian dollar. 

On Wednesday, the Australian dollar plummeted to 59 US cents for the first time since March 2020 during the start of Covid. 

The Australian share market was 1.9 per cent weaker in early trade, with the benchmark S&P/ASX200 losing another $53billion just half an hour after the market opened. The market fell 1.8 per cent by the close of trade.

On Monday, the Australian share market plunged by 6.4 per cent during the first 10 minutes amounting to $178billion – the worst start to the sessions since Covid-19. 

Trump offered a brutal nine word bit of advice as his broad-based tariffs sent financial markets across the globe into meltdown. 

‘Sometimes you have to take medicine to fix something,’ he told reporters aboard Air Force One. 

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