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legalsuper – Accessing Super due to COVID-19 Hardship

On 22 March 2020, the Federal Government announced it will temporarily allow eligible people to access up to $10,000 of their superannuation retirement savings in 2019-20 and a further $10,000 in 2020-21.

For eligible people suffering economic hardship, being able to access part of their super will help them provide for themselves and their families during these unprecedented times. At the same time, it is important to be aware of the longer-term financial implications of such a decision.  Read more here.