March 2020

You may be aware that the Government recently announced measures that allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early.

Making the decision to access your superannuation early is a significant one and if possible, should be encompassed by financial advice, particularly from an SMSF Specialist.

The Australian Taxation Office have now released guidance on the process for accessing superannuation early from SMSFs to assist in cushioning the adverse economic effects of Coronavirus.

How much can you take out?