SUPERANNUATION

What’s changed?

TThe COVID-19 early release of super program ended 31 December 2020.

This page last updated on 20/01/2021

  • Between 20 April 2020 and 31 December 2020, some people financially affected by COVID-19 were allowed to access their super early.

  • If eligible, a person was able to access up to $10,000 before 30 June 2020, and an additional amount of up to $10,000 after 1 July 2020 and on or before 31 December 2020. Only one application could be made in each financial year.  Applications for these funds are now closed.

  • COVID-19 early access to super was available to eligible Australian and New Zealand citizens and permanent residents, but not temporary residents for the 2020 - 21 financial year.

  • COVID-19 early access to super payments are tax free and did not affect Centrelink or Veteran's Affairs payments.

  • There may be implications for people who accessed their super early when  they were not eligible to do so.

Disclaimer: The information on this website is for financial counsellors only. It is general information only. Financial counsellors must still tailor advice to their client’s individual circumstances. 

Copyright © 2020 Financial Counselling Australia. All rights reserved.​

FCA sincerely thanks Kat Lane. Liz Minter and Melinda Rene for their outstanding work in putting this site together.

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