Here’s a snapshot of some of the financial help available: • Superannuation income protection and TPD insurance • Superannuation early access up to $10,000 • Stimulus package – cash payments • Coronavirus supplements for welfare recipients • JobKeeper payments
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The coronavirus crisis means that many Australians will have to stop work. For many, the only pot of money they can potentially get is their superannuation. So when can you access your super?
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We are almost back to business as usual at Berrill & Watson. We continue to be sensible about how we operate but have all staff back in the Brisbane office and have quite a few back in the Melbourne office, with the balance doing their work from home.
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MySuper is a set of legislative reforms which came into force in 2013. The reforms were aimed at protecting the superannuation accounts of those employees who had not selected a super fund and had been “defaulted” into a superannuation account by their employer.
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Many superannuation fund members will have valuable TPD and death insurance switched off on 1 April 2020 unless they tell their fund they want to continue the cover.
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Many Australians have been forced to cancel travel to China or are reconsidering travel to other locations all over the world to avoid exposure to the virus. So how will this affect any travel insurance in place?
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