Help if you’ve lost your job

The Government is helping people who’ve lost their jobs with income support including the Jobseeker program.  Read more about it here https://treasury.gov.au/coronavirus/households

In addition, as a last resort, you could also chat to your financial planner or accountant about accessing money from your superfund (up to $10,000 can be withdrawn this financial year, and another $10,000 next financial year).

This could be an option you (subject to hardship criteria and specific fund terms and conditions) can use as an emergency cash injection to keep your family or your business afloat in the short term, however when making decisions on Super, you should seek financial advice to explore the best possible option for you. I can put you in contact with a financial adviser to help you with more information on this.

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Zac Zacharia (Managing Director) has been assisting clients to create wealth and secure their futures for over 14 years.

He is also an accomplished presenter and educator

Co-authoring the popular investment book, Property vs Shares.