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Which of the following statements about withdrawing funds from super are TRUE: If someone is terminated from employment and their super account balance is only
Which of the following statements about withdrawing funds from super are TRUE:
- If someone is terminated from employment and their super account balance is only $100, they could withdraw the funds from super and pay no tax on the withdrawal.
- If someone is unable to pay for medical treatment for a child, they may be able to make withdrawals from their super to help cover the medical costs.
a/. Neither of the statements are true (both are false)
b/. Only statement 1 is true
c/. Only statement 2 is true
d/. Both statements are true (neither are false)
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