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29 Jun 2020
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Economic downturn
Australia allows the residents to withdraw from their superannuation schemes
Australia has a sensible approach towards providing financial relief.
They allow people to withdraw their savings from their superannuation fund.
This is similar to the Central Provident Fund in Singapore.
This is a better approach compared to the arbitrary rules that are applied in Singapore for people to qualify for the self employed income relief.
These rules result in some people being cut off and they have to appeal and fight to get the relief.
https://www.youtube.com/watch?v=DBiA3MSu4xU
Tan Kin Lian
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