Early access to your superannuation

On 22 March 2020 the Australian Government announced temporary changes to the rules for individuals

If you have been affected by the coronavirus crisis, the Government will allow you to access up to $10,000 of your superannuation before 1 July 2020. You may also access up to a further $10,000 from 1 July 2020 to 24 September 2020.

• If you are eligible, you can apply via the MyGov website
• To be eligible, you must meet certain criteria that are explained on Australian Taxation Office website
• You should read the fact sheet on early access to superannuation, available in The Treasury's temporary early release of superannuation information
• Taking money out of your super may affect insurance such as income protection insurance and life insurance
• You should consider seeking financial advice before using the early access scheme

Additional information for our members whose super fund is Cbus

If your super fund is Cbus, you can find their team's contact details in 'Members-only resources', which you can access by clicking on the Coronavirus tab after you log in.