"Just because a redundancy occurs during COVID-19, it is not automatically a genuine redundancy," says Bridget Akers, senior solicitor at LegalAid NSW.
"I can't work out how a renovation will do anything other than destroy my plans for a buoyant financial future," says Jackson, who is torn between a reno and investing.
Self-managed superannuation funds have fallen out of popularity in recent years, but they could be better placed than industry and retail funds to ride out the coronavirus mayhem.
Unemployed or underemployed Australians will be given early access to their superannuation from April under new rules stemming from the coronavirus pandemic.
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