The Government’s two Coronavirus economic stimulus packages deliver relief measures for members of superannuation funds, including SMSFs:

  1. Temporarily reduce superannuation minimum drawdown rates

  2. Early release of superannuation

  3. Reducing social security deeming rates

The Government is also expected to issue guidance this week in relation to Rent relief for SMSF tenants.

Here’s our summary of these four relief measures:

View/Download COVID-19 Superannuation Relief Measures

For further details, please view/download the Government’s Coronavirus Fact Sheet: Providing Support for Retirees

To discuss this matter further, please contact your accountant at Rosenfeld Kant on (02) 9375 1200 or email gary@roskant.com.au, raul@roskant.com.au or elias@roskant.com.auÂ