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Early release of superannuation - COVID-19 - 2 jobs - 20% working hours

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I have a question relating to the eligibility criteria for COVID-19 early access to super where "your working hours were reduced by 20% or more".

For someone with two jobs, is 'working hours' defined as working hours with one employer or total working hours across both jobs?

For a person with two jobs, would a reduction of working hours of 20% or more with one employer (but where there wasn't a reduction in total working hours of 20% or more) satisfy the elibility criteria?

The examples in the Treasury Factsheet and explanatory memorandum for Early Release of Superannuation don’t include a scenario where someone is working multiple jobs.
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Most helpful response

Former Community Support

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Hi @Paladin,

 

According to the Early access to Super information page on our website - 

 

To apply for early release, you must satisfy one or more of the following requirements:

  • You are unemployed.
  • You are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or farm household allowance.
  • On or after 1 January 2020, either
    • you were made redundant
    • your working hours were reduced by 20% or more
    • if you were a sole trader, your business was suspended or there was a reduction in your turnover of 20% or more.

 

It refers to holistic hours of the applicant, and not specific to one particular job. So if the hours that you work are reduced (total hours), irrespective of various employers, then you would be eligible. 

 

I hope this clarifies things.

 

Josh

1 REPLY 1

Most helpful response

Former Community Support

Replies 0

Hi @Paladin,

 

According to the Early access to Super information page on our website - 

 

To apply for early release, you must satisfy one or more of the following requirements:

  • You are unemployed.
  • You are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or farm household allowance.
  • On or after 1 January 2020, either
    • you were made redundant
    • your working hours were reduced by 20% or more
    • if you were a sole trader, your business was suspended or there was a reduction in your turnover of 20% or more.

 

It refers to holistic hours of the applicant, and not specific to one particular job. So if the hours that you work are reduced (total hours), irrespective of various employers, then you would be eligible. 

 

I hope this clarifies things.

 

Josh