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Temporary Early Release of Superannuation

ClosedGrant Value: Up to $20,000 Run By: Australian Government Further Information: https://treasury.gov.au/coronavirus/households

The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. Individuals will not need to pay tax on amounts released and the money they withdraw will not affect Centrelink or Veterans’ Affairs payments.

Last Updated: 2nd of November 2020
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