Eligible Australians have until 31 December to access a lump sum from their superannuation.
In the latest Coronavirus Conversations podcast, Services Australia General Manager Hank Jongen speaks with Justin Bott from the Financial Information Service about the rules and implications to consider first.
“There are a few key things to think about before deciding whether you should withdraw money from your super,” Hank said.
“We’ll be talking about what you should consider first so you’re making an informed financial decision.”
In this podcast, Justin and Hank discuss the implications for your investment, insurance and rate of payment from Services Australia if you make a withdrawal from super.
“Ultimately, the decision is always yours,” Hank said.
“We’re here to help you make sure you’ve looked at everything you need to, before you decide what to do.”
Listen on Apple Podcasts, Spotify, our SoundCloud channel below, or wherever you get your podcasts.