If you have been adversely financially affected by COVID-19, you may be able to access some of your superannuation early.
The ability to withdraw up to $10,000 from superannuation for individuals experiencing financial difficulties due to COVID-19, was initially set to expire on 24 September 2020, however, this has now been extended until 31 December 2020.
Eligible citizens and permanent residents of Australia or New Zealand can apply once in the 2020–21 financial year to access up to $10,000 of their super. If you’re eligible and need to access your super early, you will need to submit a new application this financial year, even if you applied last financial year.
For more information on eligibility, implications of early access, and application tips, please click here.