As the tough economic conditions really bite, more and more Australians are forced to look for ways of easing the financial pressure.
Some are turning to their superannuation funds as a means of getting some financial relief but there is a super squeeze that they are stuck in – super may be their solution for the short-term but it is not easily within reach.
This episode is about how the early access rules work when it comes to the hardship provisions.
What you’ll learn:
- (0:14) The Financial Squeeze and Superannuation Access
- (0:43) Introduction and Disclaimer
- (1:16) General Advice Disclaimer
- (1:37) Tax Implications and Authorisation
- (2:06) The Challenge of Accessing Superannuation
- (2:28) Criteria for Early Access Due to Financial Hardship
- (3:07) Compassionate Grounds for Early Access
- (3:32) Limits and Taxation on Early Super Access
Links and Resources:
#Superannuation #FinancialHardship #EarlyAccess #EconomicRelief #AustraliaFinance