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SMSF Updates

Application period extended for temporary early access to superannuation

24 Jul, 2020

The Government has allowed individuals affected by the financial impacts of COVID-19 to access up to $10,000 of their superannuation in the 2019-20 income year and a further $10,000 in the 2020-21 income year on a tax-free basis.

The application period for the 2020-21 income year will be extended from Thursday 24 September 2020 to Thursday 31 December 2020.

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