It’s important to note the purpose of super is to save for retirement. 

While early access to your super may provide you with cashflow to meet your short-term needs, withdrawing your super now would ‘lock in’ any investment losses your account may have recently experienced, and will leave you with reduced savings for retirement. 

Please consider whether accessing your super early is in your best financial interest, any alternatives open to you (which may include rental relief, deferred loan repayments, and government assistance), and whether you need to seek financial advice or speak to a financial counsellor before starting your application.

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