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early release of super eligibility clarification

Newbie

Views 1132

Replies 6

removed by poster

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Former Community Support

Replies 5

Hi @sanathkodikara,

 

Thanks for reaching out.

 

"To be eligible for early release of super, a citizen or permanent resident of Australia and New Zealand must be in one of the following circumstances:

 

  • You are unemployed.
  • You are eligible to receive one of the following  
    • jobseeker payment
    • youth allowance for jobseekers (unless you are undertaking full-time study or are a new apprentice)
    • parenting payment (which includes the single and partnered payments)
    • special benefit
    • farm household allowance.
     
  • On or after 1 January 2020 either  
    • you were made redundant
    • your working hours were reduced by 20% or more (including to zero)
    • you were a sole trader and your business was suspended or there was a reduction in turnover of 20% or more."

 

Your working hours need to have reduced to be eligible for early release of super. You can view the COVID-19 early release of super information on our website.

 

I hope this helps.

6 REPLIES 6

Most helpful response

Former Community Support

Replies 5

Hi @sanathkodikara,

 

Thanks for reaching out.

 

"To be eligible for early release of super, a citizen or permanent resident of Australia and New Zealand must be in one of the following circumstances:

 

  • You are unemployed.
  • You are eligible to receive one of the following  
    • jobseeker payment
    • youth allowance for jobseekers (unless you are undertaking full-time study or are a new apprentice)
    • parenting payment (which includes the single and partnered payments)
    • special benefit
    • farm household allowance.
     
  • On or after 1 January 2020 either  
    • you were made redundant
    • your working hours were reduced by 20% or more (including to zero)
    • you were a sole trader and your business was suspended or there was a reduction in turnover of 20% or more."

 

Your working hours need to have reduced to be eligible for early release of super. You can view the COVID-19 early release of super information on our website.

 

I hope this helps.

Newbie

Replies 4

how can I edit this post. I can't find the edit message option here.

Former Community Support

Replies 3

Hi @sanathkodikara,

 

Thanks for the reply.

 

You can only edit your posts for up to 24 hours.

 

You can find this and more information about how ATO Community works on the ATO Community website.

 

I hope this helps.

Newbie

Replies 2

how can I delete a question? seems its not possible?

ATO Community Support

Replies 1

Hi @sanathkodikara,

 

Thank you for your reply. You are unable to edit the post once 24hrs has lapsed. However if you would like us to do this for you we can. 

Please advise if you would like this to occur.

 

Regards,

Jodie2.  

Newbie

Replies 0

can I delete this question altogether. please because its not relevant now because my working hoiurs have actually reduced from this week onwards.