Early super access possible while under JobKeeper
A grey area around the definition of “working hours” could allow some individuals temporary early access to super while also being on the JobKeeper payment, notes a law firm.
Under Regulation 6.19B(1A)(e) of the Superannuation Industry (Supervision) Regulations 1994 (SIS) relating to eligibility to access super early due to COVID-19, a person made redundant, or had their working hours reduced by 20 per cent or more, on or after 1 January 2020 would be eligible to access their super early.
Read more at SMSF Adviser.
