[vc_row][vc_column][vc_column_text]The Government is extending the application period for individuals to obtain early access to their superannuation of up to $10,000 from 24 September 2020 to 31 December 2020.
All other aspects of the Government initiative remain the same, namely:[/vc_column_text][mk_padding_divider size=”20″][vc_column_text]
- The superannuation withdrawn is not subject to tax
- The superannuation withdrawn will not affect Centrelink and Veterans’ Affairs payments, or the JobKeeper Payment
- The initiative is available to Australian and New Zealand citizens and permanent residents
- Individuals must satisfy any one or more of the following requirements:
- unemployed; or
- eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment (single and partnered payments), special benefit or farm household allowance; or
- on or after 1 January 2020 the individual was made redundant; or their working hours were reduced by 20 per cent or more; or for sole traders, their business was suspended or there was a reduction in their turnover of 20% or more.
- Applications are made through the myGov website: www.my.gov.au.
[/vc_column_text][vc_column_text]Should you wish us to consider this further to your circumstances please do not hesitate to contact our Team at Trove.[/vc_column_text][mk_padding_divider][vc_row_inner][vc_column_inner][vc_column_text]Link to Treasury Website:[/vc_column_text][mk_button dimension=”flat” size=”medium” url=”https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-Early_Access_to_Super.pdf” target=”_blank” margin_top=”10″ margin_bottom=”40″ btn_hover_bg=”#c4b097″]Click here[/mk_button][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
