If your symptoms of depression are severe, last for two weeks or more, and affect your functioning at home or at work, you may need to see a health professional.
Release My Super specialises in the release of super for mental health treatment & depression.
We have access to medical specialists in psychiatry and general practice and can process your application quickly. You will require medical reports from a General Practitioner and Psychiatrist.
Let us help you understand the nature of your application to pay for treatment from superannuation savings.
You cannot use a psychologist or other specialist as your medical specialist as the ATO has assessed that applications under mental health now require a Psychiatric Report.
The ATO will release your superannuation on compassionate grounds if you meet the eligibility requirements of the compassionate ground you’re applying for and have not paid for the expense – they can only approve the compassionate release of superannuation to help you with unpaid expenses.
You will need to provide all required supporting evidence, including invoices or quotes for treatment.
If you cannot afford to pay the expenses without accessing your super and you are a citizen or permanent resident of Australia or New Zealand you should qualify.
If you have already paid the expense using a loan, a credit card or money borrowed from family or friends, you do not meet the eligibility requirements.
For more information go to the ATO Website.
Distinguishing depression from an occasional ‘down’ mood Depression is a common experience, with one in seven Australians experiencing depression in their lifetime.
We all face periods of feeling low and a bit depressed; experiences such as having a bad day at work or hearing some bad news can impact on our mood. Sometimes we might even feel sad for no reason at all.
Symptoms of depression include:
When to seek help for depression If symptoms of depression are severe, last for two weeks or more, and affect your functioning at home or at work, you may need to see a health professional. Having one or two symptoms by themselves is unlikely to indicate depression. However, there could be physical causes for your symptoms which may warrant medical assessment. Beyond Blue