As the COVID-19 virus took a sledgehammer to the economy, the federal government rapidly introduced a range of initiatives to help individuals who lost income as a result of the measures taken to control the virus.
This edition of InFocus shows a case study of a 30 year old hospitality worker considering withdrawing from his Super and what effects this could have on his long-term super balance, as well as tips to reduce the risks.
We also look at the investment principal of “waiting in cash until the share market falls” and some strategies around this, as well as some tax saving tips before the end of the financial year.