You can access $10,000 before 1 July and $10,000 after
You can only get access if you are unemployed, have been made redundant, receive certain centelink payments, or have lost at least 20% of your income since 1 January 2020.
Applications will open mid-April and will only remain open for six months
You will need to apply on myGov. If you don't have a myGov account get one now, just in case!
Should You Access Super?
Access to super is designed as a means of last resort. Further, markets around the world have crashed and withdrawing super may mean crystalising significant losses. As such, you should think very seriously before accessing super.
We strongly urge anyone thinking of withdrawing super to seek independent financial advice before doing so.
We work with a number of financial planners who can give this advice:
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