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COVID-19 Support - Early Release of Super Sole Trader

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Newbie

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Replies 2

Hello,

If a person has two sources of income, one as a sole trader then are they eligible for early release of super if their sole trader income reduces by more than 20%?

For example, a person has a full time job where they earn an average of 60-70% of their income and they operate a small business where they earn 30-40% of their income. During the crisis they are unable to operate as a sole trader so for this quarter they lose ~30% of their income. 

Can they access the early release of super this quarter?

Thank you

1 ACCEPTED SOLUTION

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Best answer

Community Support

Replies 0

Hi @thorex

 

Thanks for your post.

 

You have asked a similar question in another thread. You can check out our response here: COVID-19 Support - Early Access two super, multiple sources of income

 

Hope this helps.

 

Thanks, ChrisR

2 REPLIES 2
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Devotee

Replies 0

yes. super is your money so its really your call to apply for an early release or not 

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Best answer

Community Support

Replies 0

Hi @thorex

 

Thanks for your post.

 

You have asked a similar question in another thread. You can check out our response here: COVID-19 Support - Early Access two super, multiple sources of income

 

Hope this helps.

 

Thanks, ChrisR