Quantcast
Subscribe to our newsletter

SMSFs apply for $280m in early super release payments

Around 28,000 applications for early release of super have been submitted by SMSF members so far, according to new ATO figures, which represents only a small proportion of the total individuals approved for early release of super.

SMSFs apply for $280m in early super release payments
smsfadviser logo
  • Shared by SMSF Adviser
  • July 15, 2020
share this article

According to ATO statistics provided to SMSF Adviser, at 7 July 2020, around 2.5 million individuals had been approved for early release of super across both the 2019–20 and 2020–21 financial years, with the total amount applied for around $28.1 billion.

Read more at SMSF Adviser

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles