Early access to superannuation during COVID-19

The economic damage inflicted by COVID-19 restrictions has seen over three million Australians dip into their superannuation savings. Whether you need that extra boost in cash or not, financial experts say it is nonetheless a good time to review the state of your superannuation account. The Australian Prudential Regulation Authority data shows that since April 3.1 million Australians have accessed their superannuation early to meet their financial needs. Services Australia provides a free financial information service to help Australians make informed financial decisions in multiple languages.