Daily Coronavirus Check-in: What you need to know before withdrawing your super
Financially, times are tough for a lot of people right now. To try and help ease the burden, the government announced quicker turnaround and less stringent conditions for people wanting to access their superannuation. As soon as that was announced, 600,000 people registered their intent to apply. As of the end of April, the Australian Tax Office had approved over 450,000 applications worth a total of $3.8 billion dollars. That cash hits peoples accounts within five days. You might be thinking about applying yourself, but before you do, I reached out to Lacey Filipich, Founder and Director of Money School to find out the pros and cons of withdrawing your super early.
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Previous Episodes
Daily Coronavirus Check-in: How to thrive and survive as a small business owner during Covid
Daily Coronavirus Check-in: Mums share their kids’ hilarious impersonations of them
Daily Coronavirus Check-in: Working mums on paying childcare fees again
Daily Coronavirus Check-in: 7 tips to help you navigate sudden job loss
Daily Coronavirus Check-in: Four life skills your kids can learn from the Pandemic
Daily Coronavirus Check-in: Top paediatrician on why it’s safe for kids to return to school
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