The government has allowed individuals affected by the financial impacts of COVID-19 to access up to $10,000 of their superannuation in the 2019/20 income year and a further $10,000 in the 2020/21 income year on a tax-free basis.

Super Application Period Extended

The application period for the 2020/21 income year will be extended from 24 September 2020 to 31 December 2020.