Author: Sam Perera

Are you impacted by COVID-19 and thinking about using the Federal Government’s Early Release of Super provision to access your Super?

A common financial concern amidst the COVID19 crisis is the impact of the share market downturn on Superannuation accounts and what one ought to do about it. If you are an ‘accumulator’ (typically those with longer than 5 years until retirement), you should do nothing if you are invested in a well diversified investment strategy with a reputable Super fund.

The last two weeks have thrown up unprecedented challenges to many of us as we deal with the impacts of the health crisis that is COVID19 and the resultant economic crisis. The importance of fighting the economic crisis cannot be underestimated as the impacts of failing on this front will be devastating for many Australians. At Perera Crowther Financial Services, our efforts to date have been focused on our most vulnerable clients from a medical and financial perspective.