Access to Superannuation

EARLY ACCESS TO SUPERANNUATION (UP TO $20,000 OVER NEXT 6 MONTHS)

  • Citizens and PR are able to access up to $10,000 by 30 June 2020 and a further $10,000 by 24 September 2020 subject to satisfying requirements.

  • To apply, you must satisfy one of the following requirements:

    • Currently unemployed

    • Currently eligible to receive job seeker payment, youth allowance or parenting payment

    • On or after 1 January 2020, you were made redundant or your working hours were reduced by at least 20%

    • For sole trader, your business was suspended or your turnover was reduced by 20% or more

  • Application has to be made through myGov 

https://my.gov.au/LoginServices/main/login?execution=e2s1

  • Temporary resident may also be able to access up to $10,000 by 30 June 2020. For full requirements, see the following link:

https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/early-access-to-your-super/#Compassionategrounds