Important Update – The Government’s new super and pension provisions announced 22 March
Over the weekend, the Australian Government announced its economic support package to help Australians who are under financial stress as a result of the Coronavirus.
Two of the support measures announced include the early release of superannuation for those financially affected by the Coronavirus and a temporary reduction of minimum pension payment requirements for retirees.
A summary of these measures, including information about who is eligible and how individuals can access these provisions can be found in this link – https://www.mlc.com.au/personal/corona-virus/government-superannuation-changes
If you need more information, we are happy to help. Contact Dev Sarker today at 1300 717 136.