We're here to support you during COVID-19
COVID-19 early release of super program ends on 31 December 2020.
Applications for the early release of super will close at 11:59pm on 31 December 2020 (AEDT). Applications must be submitted via the myGov website and cannot be accepted after this time.
Delays are expected due to Christmas/New Year public holidays in processing applications. Please be patient during this time as the money may take longer than normal before it reaches your account.
For more information regarding processing times, please visit the ATO website.
Before making a decision, read our Early access to super fact sheet.
*Source: Media Super, 30 April 2020. The calculation is provided for illustration purposes only and is based on certain assumptions including, but not limited to, a starting balance of $60,000, salary of $70,000 and projected balance at retirement of $395,000. Retirement balances are presented in today's dollars which means they have been adjusted for inflation. Assumes administration fees of $104 (inflating at CPI) plus 0.19% of account balance per year, default insurance cover of 4 units (Manual), a 2.5% per year rise in CPI and a further 1% per year additional rise in living standards. Assumes investment returns of 5.75% under the default Growth (MySuper) option. Investment returns are based on the Media Super default investment options – Growth (MySuper) during accumulation and Conservative Growth during draw down. The annual retirement income figure is based on the Association of Superannuation Funds Australia (ASFA) Retirement Standard (March quarter 2020) annual modest lifestyle budget for a single person of $28,220. Past performance is not a reliable indicator of future performance. You should look at your own financial position, objectives and requirements before making any financial decisions.