Access Super Early

You may be able to access super early if you’re in severe financial hardship or some other reasons including compassionate grounds.

Super is considered a long-term investment to fund the retirement of Australian citizens. to access super early can be difficult and strictly limited to special circumstances.

If you are eligible, you may be able to access some of your super before retiring due to:

compassionate grounds
terminal illness or permanent incapacity
severe financial hardship
permanently leaving Australia

You can apply to access your super before your preservation age on ‘compassionate grounds’, this is an area that Release My Super has years of experience in. Release My Super specialises in the release of funds under this program within the area of mental health. However there are other categories under this program including:-

medical expenses for you or your dependants
mortgage foreclosures
modification of a home or vehicle for you or your dependants suffering a severe disability
the cost of palliative care for you or your dependants
funeral costs for a dependant
medical transport for you or your dependants
Drug & alcohol rehabilitation
Mental health
Gambling addiction
IVF treatments
Gender reassignment surgery

For early access of your superannuation for compassionate reasons, you can apply to the Australian Tax Office (ATO), this is something we can help you with. After the ATO approves your application further paperwork is submitted to your super fund.

Your superannuation company then pay this as a lump sum from your super into your nominated bank account. The money released by the super fund is normally taxed at 22%.

The steps involved in applying for early release of your super are: