Harris Black Update – Surviving COVID-19 For SMSF

Directors and staff at Harris Black are having a lot of discussions with clients regarding the uncertainty of the current business climate as well as its impact on cashflow.

We want to advise that at this point the government has introduced 2 measures to assist with cashflow involving Superannuation Funds:

• Early release of superannuation for eligible individuals
• Temporarily reducing superannuation minimum payment amounts

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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Today’s financial environment demands a regular review of strategy and a focus on execution.