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Update to Members – Early release from super

What if I’ve become impacted by COVID-19 and still want to access my super?

While the ATO commenced processing applications on 20 April, 2020, you can still apply through the ATO online services in MyGov.

Eligible Australian Citizens and permanent residents and temporary residents are able to apply to access up to $10,000 up until 30 June 2020.

A further $10,000 can be applied for by eligible Australian Citizens and permanent residents up until 24
September 2020.

Taxation will not be deducted from the payment, nor will you need to include the amount in your taxation return.

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Am I prepared for the end of the financial year?

We’ve put together a series of tips to ensure you’re ready to make the most of tax time.

With June 30 fast approaching, getting ready for the end of the financial year might seem daunting –
especially given the upheaval that’s happened over the past few months due to COVID-19.

We understand this is a stressful time, which is why we’ve prepared some helpful suggestions to help
you get on track.

Read through the below, and if you have any further queries, please don’t hesitate to
contact us.

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