ATO flags processes for early super release during shutdown period
The ATO has provided details on what services will be available for individuals submitting applications for the early release of super measure during its end-of-year shutdown.
In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021.
“To support individuals submitting a COVID-19 early release of super (ERS) application during our shutdown period, we will have staff available in our contact centre on 29, 30 and 31 December 2020 to assist individuals with submitting their application,” the ATO said.
The ATO reminded individuals that applications for the COVID-19 early release of super measure will close at 11.59pm AEDT on 31 December 2020.
“Applications cannot be accepted after this time; however, funds may still receive a small number of fund approval files into January 2021 relating to applications that require remediation,” it stated.
“This process is anticipated to continue until late January 2021.”
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
