There’s been a significant number of individuals who have been impacted by the coronavirus pandemic to such an extent that it is deemed warranted to utilise the Government’s initiative to take an early release payment on compassionate grounds due to the coronavirus.

You can read our previous blog post on this topic for more details.

COVID-19 Super Measures: Temporary early release of superannuation

There are some important additional steps required for SMSFs once the Commissioner has made a determination to approve an amount to be made to the individual.  The video below outlines the documentation created by Smarter SMSF to support an early release payment being made from a self-managed super fund.

Watch the video

Please note that you can also order this document directly through Simple Fund 360.  Visit the BGL showcase page for more information.

COVID-19 page

Visit our COVID-19 page for more information about the various COVID-19 SMSF documents available on the Smarter SMSF platform.

Available through subscription or order as required on a pay-as-you-go (PAYG) basis.