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…
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