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Early super access extended

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By Lachlan Maddock
  •  
1 minute read

The Morrison Government has announced that it will extend the early super access scheme amidst new economic data. 

The application period for early access to superannuation will be extended from 24 September to 31 December 2020 for individuals who are still financially impacted by COVID-19. 

The most recent APRA figures put early super withdrawals at $28 billion, slightly above the Treasury estimate of $27 billion.