Rules set out by the ATO state that you can only have early access to your super in very limited circumstances. This comes down to two factors:. To meet the conditions for severe financial hardship, you must have received government income support Centrelink payments continuously for 26 weeks.
To claim a superannuation release on severe financial hardship grounds, you need to contact your super provider directly. Should they require evidence, you will need to provide a letter from Services Australia confirming you have been receiving support payments for 26 weeks or longer. You may also be allowed to withdraw some of your superannuation on compassionate grounds. This refers to when you need money:. To claim a superannuation release on compassionate grounds, you need to apply through the ATO.
The Compassionate release of super form can be found in your MyGov account. Your GP and plastic surgeon must sign off on the exact same information. Your claim must also include unpaid expenses, such as your surgery quote. If you have already paid these expenses, you will not be eligible for superannuation release for your surgery costs.
For starters, superannuation is accessible for patients who need to undergo surgery for a serious medical condition and they are unable to fund the surgery themselves.
Usually, people who make successful claims to use their super for surgery include those who wish to undergo plastic surgeries for medical purposes like breast reduction , tummy tuck Abdominoplasty , breast implant removal and weight loss.
