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  • COVID-19 Early release of super report (20 April–31 December 2020)

    Eligible individuals financially impacted by COVID-19 were able to apply online through myGov between 20 April 2020 and 31 December 2020 to access:

    • up to $10,000 of their super during the 2019–20 financial year, and
    • up to $10,000 of their super again between 1 July and 31 December 2020.

    Eligible temporary residents were able to access up to $10,000 of their super in 2019–20 only.

    This page provides data on applications received during the 20 April – 31 December 2020 program.

    You can download a printable version of this information: COVID-19 Early release of super program report (20 April – 31 December 2020) (PDF, 805KB)This link will download a file

    Total applications

    Between 20 April 2020 and 31 December 2020, we received 4.78 million applications – totalling $39.2 billion of super requested for early release.

    We approved 4.55 million applications for 3.05 million people, totalling $37.8 billion of super requested for early release.

    We rejected or cancelled 232,000 applications, amounting to $1.4 billion.

    Amounts approved for release by the ATO may differ to amounts released by super funds. This is because super funds only released amounts available in the super fund account. For example, if a person requested $10,000 and only had $7,000 in their super fund account, the super fund only released $7,000.

    Applications were rejected if a person attempted to submit more than one application in the same financial year. Applications may have been suspended where errors were made. In some cases, these applications were later cancelled, rejected or approved.

    Find out about:

    Applications by financial year

    • 954,000 people applied for early release of super in the 2019–20 financial year only (between 20 April and 30 June 2020).
    • 604,000 people applied for early release of super in the 2020–21 financial year only (between 1 July and 31 December 2020).
    • 1,495,300 people applied for early release of super in both financial years (between 20 April and 31 December 2020).

    Requests by fund type

    APRA funds

    There were 4.5 million approved applications to release super from Australian Prudential Regulation Authority (APRA) regulated super funds, totalling $37.4 billion.

    SMSFs

    There were 40,000 approved applications to release super from self-managed super funds (SMSFs), totalling $395 million.

    Applicants could request release of super from up to five funds in one application, up to the $10,000 limit each financial year.

    Applicants by gender

    Male:

    • Of all approved applications, 2.6 million (56%) were from males.
    • The approved amount for release for male applicants was $21,900 million.

    Female:

    • Of all approved applications, 2.0 million (44%) were from females.
    • The approved amount for release for female applicants was $15,915 million.

    Unspecified:

    • Around 460 approved applications (less than 1%) were from people who didn't specify their gender.
    • The total approved amount for release was $1.6 million.

    Applicants by state and territory

    The following table shows the percentage and number of applicants approved based on state or territory.

    Table 1: Approved applicants by state and territory

    State or territory

    Percentage (%)

    Number of
    approved
    applicants

    NSW

    30

    1,349,000

    QLD

    26

    1,165,000

    VIC

    23

    1,027,000

    WA

    11

    519,000

    SA

    5

    250,000

    TAS

    2

    88,000

    NT

    1

    62,000

    ACT

    1

    42,000

    Unknown

    1

    47,000

    Applicants by income range

    Tables 2 and 3 show the number of approved applicants by income range for each financial year.

    Table 2: Approved applicants by income range, 2019–20 financial year 

    Income range

    Percentage (%)

    Number of
    approved
    applicants

    0 or less

    2

    42,700

    $1 – $18,200

    12

    294,400

    $18,201 – $37,000

    25

    605,200

    $37,001 – $90,000

    46

    1,128,300

    $90,001 – $180,000

    9

    221,100

    Over $180,000

    1

    20,900

    Unknown

    5

    140,500

    Table 3: Approved applicants by income range, 2020–21 financial year  

    Income range

    Percentage (%)

    Number of
    approved
    applicants

    0 or less

    2

    37,800

    $1 – $18,200

    10

    202,900

    $18,201 – $45,000

    31

    652,600

    $45,001 –$120,000

    43

    911,100

    $120,001 – $180,000

    4

    75,100

    Over $180,000

    1

    18,900

    Unknown

    9

    196,700

    Applicants by request category

    The following tables show the percentage of approved applicants in each request category, and the dollar value of approved applications for residents and non-residents.

    Table 4: Residents, 20 April–31 December 2020 

    Request category

    Approved
    applications
    percentage (%)

    Total approved
    amount for release ($m)

    Had a reduction in working hours

    44

    18,135

    Unemployed

    19

    6,880

    Eligible for government benefit

    18

    6,645

    Sole trader – significant reduction in turnover

    7

    2,980

    Been made redundant

    3

    1,025

    Sole trader – suspended operation

    1

    455

    Eligible for youth allowance

    1

    150

    Eligible for farm household allowance

    0

    60

    Table 5: Non-residents, 20 April – 31 December 2020

    Request category

    Approved
    applications
    percentage (%)

    Total approved
    amount for release ($m)

    Other temporary resident visa holders who cannot meet immediate living expenses

    3

    665

    Held a student visa for 12 months or more

    3

    505

    Temporary skilled work visa holder

    1

    320

    Applications by month and by age

    The following table shows the number of approved applications by month and age.

    Table 6: Monthly applications by age

    Age

    April 2020

    May 2020

    June 2020

    July 2020

    Aug 2020

    Sept 2020

    Oct 2020

    Nov 2020

    Dec 2020

    20 years
    or under

    7,000

    9,700

    6,800

    10,300

    3,100

    2,300

    1,900

    1,700

    1,700

    21–25 years

    100,600

    100,600

    60,600

    98,900

    22,700

    15,000

    10,500

    9,300

    9,200

    26–30 years

    188,800

    163,800

    96,700

    199,000

    34,600

    21,900

    13,700

    12,100

    12,700

    31–35 years

    186,000

    156,100

    95,700

    243,000

    39,000

    24,300

    14,900

    13,000

    14,700

    36–40 years

    152,800

    128,900

    83,900

    231,400

    37,000

    23,100

    13,800

    12,300

    14,800

    41–45 years

    114,800

    98,500

    68,600

    190,500

    31,200

    19,900

    11,600

    10,300

    12,900

    46–50 years

    101,600

    88,300

    64,700

    178,700

    30,300

    19,200

    10,700

    10,000

    12,800

    51–55 years

    78,300

    69,100

    51,700

    139,500

    25,000

    16,000

    9,100

    8,100

    10,900

    56–60 years

    50,300

    46,300

    36,100

    88,700

    18,100

    11,600

    6,600

    6,000

    8,400

    61–65 years

    13,800

    15,400

    13,000

    24,100

    6,300

    4,300

    2,500

    2,400

    3,200

    66–70 years

    1,100

    1,500

    1,400

    1,800

    600

    400

    200

    200

    300

    71 years and over

    200

    300

    200

    300

    100

    100

    100

    0

    100

    Monthly approvals and accumulated value

    The following table shows the number of application approvals and accumulated dollar value by month.

    Table 7: Monthly approvals and accumulated value

    Month

    Number of
    approvals

    Accumulated
    amount for
    release ($b)

    April 2020

    995,400

    8

    May 2020

    878,400

    15

    June 2020

    579,400

    20

    July 2020

    1,399,600

    32

    August 2020

    254,600

    34

    September 2020

    154,000

    36

    October 2020

    99,700

    36

    November 2020

    85,400

    37

    December 2020

    101,700

    38

      Last modified: 05 Apr 2021QC 65212