Customer Reviews


I found the kalculators to be a friendly team, they were affordable and offered advice on what to do for my future tax returns. They prompted me during the refund meeting so I wouldn’t forget to mention things. This is my 2nd year using the kalculators and I will continue to do so in the future.

Unlock up to $20,000 from early release of super

If you have been financially affected by COVID-19, you may be eligible for early release of super. Eligible citizens and permanent residents of Australia or New Zealand can apply to access up to $10,000 of their superannuation early in 2019–20, and up to another $10,000 in 2020–21.

Even if you’re a temporary resident, you are still able to apply (but only once, in 2019–20) to access up to $10,000 of your super. You won’t have to pay tax on any amounts released and you don’t need to include these amounts in your tax return. Contact The Kalculators today to get hassle-free, super-fast access to your money.


You will not need to pay tax on amounts released and will not need to include these amounts in your tax return.

Are you eligible for early release of super?


To be eligible for super early release, a citizen or permanent resident of Australia or New Zealand must be in one of the following circumstances:

  • You are unemployed.
  • You are eligible to receive one of the following
    • Jobseeker payment
    • Youth allowance for jobseekers (unless you are undertaking full-time study or are a new apprentice)
    • Parenting payment (which includes the single and partnered payments)
    • Special benefit
    • Farm household allowance.
  • On or after 1 January 2020 either
    • You were made redundant
    • Your working hours were reduced by 20% or more (including to zero)
    • You were a sole trader and your business was suspended or there was a reduction in turnover of 20% or more

To be eligible for early release of super, a citizen or permanent resident of Australia and New Zealand must be in one of the following circumstances:

  • You hold a student visa that you have held for 12 months or more and you are unable to afford immediate living expenses.
  • You are a temporary skilled work visa holder, your working hours have reduced to zero and you remain engaged with your employer.
  • You are a temporary resident visa holder (excluding student or skilled worker visas) and you cannot afford immediate living expenses.

You do not need to attach evidence to support your application. However, you should keep records and documents to confirm your eligibility, as you may be asked for this information.

It is important that you assess your eligibility accurately. The government is allowing for early release of super as a one-time-only measure due to the extraordinary financial impact the Coronavirus has had on Australian individuals, families and businesses. Eligibility criteria will be managed in accordance with strict guidelines to ensure those that need financial assistance can be supported. Please be advised that there are penalties for making false and misleading statements.

You cannot access super early on behalf of a dependant. If your dependant is financially affected by COVID-19, they must apply themselves.

Temporary visa holders may be eligible to apply for one lump-sum withdrawal before 30 June 2020



Things to consider before claiming early release of super

Accessing your super early will affect the balance of your super. It may also therefore affect your future retirement income.

Withdrawing superannuation may also affect your:

  • income protection insurance
  • life / total permanent disability insurance cover

Insurance may not be available on accounts that:

  • are fully withdrawn
  • have a balance below $6,000
  • are inactive low balance accounts.

You should think about seeking financial planning advice before submitting your application for super early release.

As one of Adelaide’s top accounting firms, we’re quick, affordable and experienced in dealing with superannuation, so don’t hesitate to call us with questions on (08) 7480 2593.

Need help accessing your superannuation early?

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