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COVID-19 – Accessing your superannuation early

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…

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The SMSF Association’s COVID-19 FAQ

March 2020 This document is up-to-date as at 11 May 2020 FAQ: COVID-19 and what it means for the SMSF sector In this current period of uncertainty, there are many questions around the new stimulus packages, early release of super, minimum pension withdrawal reduction, rental and loan relief and more… To help make it easier…

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Webinar: COVID-19 and your SMSF – Part 1

March 2020 This webinar outlines the direct impacts of the latest announcements on SMSFs and key resources that will assist you during this difficult period. This webinar features: An SMSF Association update – how we are working to support SMSF trustees like you. Summary of key superannuation measures and how they relate to your SMSF.…

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The SMSF Association’s COVID-19 summary

March 2020 Last updated on 25 March 2020Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.…

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The SMSF Association’s COVID-19 response

Updated as of 22 April 2020  The SMSF Association as a priority is actively monitoring the economic uncertainty resulting from COVID-19. We will provide updates as they are announced in conjunction with SMSF resources to help you navigate the challenges ahead. The latest updates on this page include ASIC’s relief measures announcement and resource, LRBA…

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When you should close your SMSF

March 2020 Opinion piece written by John Maroney, CEO, SMSF Association Published in the Australian Financial Review on 05 March 2020 The five ‘trigger’ situations include insufficient funds, declining mental or physical capacity, death, lack of time to oversee a fund and moving overseas indefinitely. The growth in the number of new self-managed superannuation funds (SMSFs) often…