COVID-19 early release lump sum reporting

SMSF members certainly haven’t been immune to the impacts of COVID-19, with recent ATO statistics (August 2020) suggesting approximately 35,000 applications by members for the early release of super have been processed across nearly 19,000 funds, totalling nearly $341 million.  Interestingly, within the first tranche, the ATO said that around 22,000 approved applications were made…