SMSFs apply for $280m in early super release payments
Around 28,000 applications for early release of super have been submitted by SMSF members so far, according to new ATO figures, which represents only a small proportion of the total individuals approved for early release of super.
According to ATO statistics provided to SMSF Adviser, at 7 July 2020, around 2.5 million individuals had been approved for early release of super across both the 2019–20 and 2020–21 financial years, with the total amount applied for around $28.1 billion.
Read more at SMSF Adviser.
