Union update: early access to super

22 May 2020
As of Monday 20 April 2020, people facing financial stress as a result of the COVID-19 pandemic are able to access their superannuation account balance early.

Accessing your super early should only be done as a last resort, as the consequences of doing so for your retirement account balance - as well as on your insurance and other factors - can be significant.

This is also why strict eligibility criteria apply in making such applications, with potential penalties for anyone who may be seeking to make such an application inappropriately.

We discuss the eligibility criteria and what you should consider on our blog.