Tag Archives: Early Release

Coronavirus - Super Access

Coronavirus – Early Access to Superannuation

In response to Coronavirus (Covid-19) public emergency that is sweeping across the world, the Australian Government is allowing individuals affected by the virus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. While superannuation helps people save for […]

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Higher penalties for illegal early release promoters

The Government has specifically referenced self-managed superannuation funds (SMSFs) in detailing new legislation aimed at increasing the penalties around early release superannuation schemes. Announcing the introduction of the Superannuation Legislation Amendment (Reducing Illegal Early Release and Other Measures) Bill 2012 and the Income Tax Rates […]

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