It’s understandable that our members are feeling anxious about the financial impact of COVID-19 (coronavirus).
On 22 March, the Commonwealth Government released the second stage of its plan to cushion the economic impacts of COVID-19.
As part of this, from 20 April 2020, the government will allow individuals in financial stress as a result of COVID-19 to access some of their super. While super helps people save for retirement, the Government recognises that for those significantly financially affected by COVID-19, accessing some of their super today may outweigh the benefits of maintaining those savings until retirement.
We hope this information helps to answer any questions you might have about accessing your super early due to COVID-19.
We've made a video about the government's early access to super measure which you can view here.
Frequently asked questions
If you’d like more information on Tasplan’s response to COVID-19, visit tasplan.com.au/coronavirus-update.