Early release of super
The Government has announced new financial assistance measures to aid Australians experiencing financial difficulty as a result of the COVID-19 outbreak. If you are in financial stress as a result of coronavirus you may be able to access up to $10,000
from your super account in 2019-2020 and a further $10,000 in 2020-2021.
COVID-19 and pension minimum drawdown
If you have a pension, or a transition to retirement account, the government have introduced a temporary relief measure of reducing the minimum drawdown payment amounts which could be of benefit to you.