Further to the Government’s initial economic stimulus package announced on the 12 March 2020, the Government has further announced a second set of measures on 22 March 2020 to help the economy withstand the impacts of Covid-19. This response will see financial support to areas such as individuals and households, businesses, flow of credit as well as state based incentives. Read our full communication to clients here.
Re-contributing COVID-19 early release super withdrawals
If you withdrew money from your super fund through the COVID-19 early release of super program, you may be eligible to make re-contributions, that is excluded from the non-concessional contribution caps, back to your super. It is only necessary to choose to have a...