Looking for admission in the public sector for mental health treatment is often difficult, particularly when urgent help is required. This leaves you with the option to investigate private treatment. The private mental health sector offers immediate help and programs which are structured for success in a defined period. To help fund private rehab for mental health treatment the Australian Government allows for the release of superannuation savings.
Compassionate release of superannuation for this treatment is administered by the Australian Taxation Office. The application is technical in nature and requires a medical assessment and a report from a consulting psychiatrist and treating General Practitioner.The ATO test is that you are suffering from an “acute or chronic mental illness”. This requirement means that you will need the certification of medical practitioners that you are suffering a mental health condition requiring treatment. Release My Super specialises in the release of super for rehab for mental health treatment. Let us help you understand the nature of an application to pay for treatment from your superannuation savings. You will require medical reports from a General Practitioner and Psychiatrist.
You cannot use a psychologist or other specialist as your medical specialist as the ATO has assessed that ALL applications under the mental health banner now require a Psychiatric Report. The ATO website has been amended to require that “the registered medical specialist must be specialised in the area in which they are giving their opinion. If you apply for treatment of an acute or chronic mental illness, most applications will require a medical report from a psychiatrist”.The ATO will only release your superannuation on compassionate grounds if you:
Rules and guidelines around accessing your superannuation for Mental Health have been put in place to make sure compassionate access to your superannuation is available. But the process can make it difficult for those wanting to release super for Mental Health treatment. Release My Super can assist in the process and guide you towards the release of super to access treatment. To discuss your needs call us.
Don’t put off important mental health treatment – speak to us today about accessing your superannuation savings.
Treatment provided at the earliest opportunity provides the greatest opportunity of a favourable outcome.
The signs and symptoms of mental health concerns can affect us in a variety of ways. The symptoms that we experience will depend on the type of concerns or disorder, together with other external factors and circumstances.
People with mental health concerns are more likely to have additional needs or problems in other areas of their lives. Finance, employment, education and home may present concerns or challenges.
Sometimes treatment will be required throughout the lifetime. Treatment provided at the earliest opportunity provides the greatest opportunity of a favourable outcome.
Mental health concerns; sometimes referred to as mental health disorders can affect anyone. They can become apparent or increase in severity throughout the lifespan.
Indeed, it is not unusual to have adverse mental health episodes for the first time in later adulthood; particularly surrounding increased stress of life-changing events.
However, in most cases severe mental health problems begin earlier in life. Left untreated mental health concerns can have an adverse impact on young people and their families. The effects can be far-reaching, causing emotional, behavioural and psychical health problems.
If you have any questions regarding releasing superannuation savings for IVF, mental health and addiction treatment contact Release My Super on 1300 090 261 or ring Kathie Baker direct on 0475 471 872.