Those of you having trouble Accessing Super for IVF and accessing their superannuation savings for IVF will need to complete an application under the ‘mental health’ provisions of the compassionate release of superannuation program.
RMS can usually get clients booked in to see a psychiatrist within 24 to 48 hours.
The test for eligibility is that you are suffering from an “acute or chronic mental illness” and this requirement means that you will need a report from a psychiatrist and your GP.
If you require an assessment with a psychiatrist, call our team on 1300 090 261 for an appointment, usually within 24 hours.
We have consultant psychiatrists to assist in the process and appointments can usually be completed within 24 hours.
Let us help you understand the nature of an application to pay for IVF treatment from your superannuation savings.
Reference ATO Website | Mental Health
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, applications will require a medical report from a psychiatrist. Advice (2/8/21 from ATO), from 30/9/2021 all applications submitted under mental health MUST have a psychiatric report.
At RMS we like to make it as easy as possible for clients and respect some applicants are comfortable doing the lodgement and only require a psychiatric assessment for their IVF application.
Other clients feel they need more support and want RMS to drive their application and submit the paperwork.
$770 – psychiatric assessment and report for IVF.
$495 – We take care of ensuring all the paperwork is in accordance with ATO requirements for an IVF application. We hold your hand and don’t let go until the money hits your account. This includes ironing out any problems that occur with the ATO and your super fund.
Rules and guidelines around accessing your super for IVF 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 IVF 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.
When you are told IVF is an option for you to achieve your dream of parenthood, your mind starts racing with questions and you want the answers to be quick and direct. Knowledge is key to enhancing your success, so do your research thoroughly, talk to your doctor, and take some time to read as many articles as you can find.
In the meantime, we have listed some of the most frequently asked questions with some quick-fire answers, just to give you an idea of what to expect.
IVF is the process of fertilization by combining an egg and sperm in a laboratory dish, and then transferring the embryo to the uterus.
An IVF cycle can take up to 2 months to complete. Every person is different though and your doctor will discuss the best plan for you. However, to give you an idea, the basic outline of a cycle is as follows:
Treatment timelines will need to be adjusted based on how each patient responds to their medication.
During stimulation, you will need to have appointments at your clinic every other day to monitor the development of your follicles and hormone levels. The monitoring stage can take up to 10 days, so you may suffer some disruption at work if you can’t get an early appointment. You will need to take the day off work for egg retrieval, and although not necessary, you may also want to take a couple of days off once you have had the embryo transfer.
The amount of medication and frequency of injections is different for each person.
Before stimulation starts, you may be given the oral contraceptive. To suppress your ovaries, you will be given drugs in the form of a nasal spray or daily injections. Once downregulation is complete, you will be required to inject follicle-stimulating and ovulation regulating hormones each day via small needles.
The needle is very small, and most women are surprised at how painless the daily shots actually are. The day after egg retrieval, you will be given Progesterone supplements or injections.
Not everyone suffers from side effects. However, you will be taking hormone injections, so you may feel emotional during treatment. It is not uncommon for women during down-regulation to experience headaches, night sweats, and mood swings. During stimulation, you may feel bloated and mildly uncomfortable.
Statistics are always getting better but the percentage of IVF treatments that resulted in a live birth is about 35% for women under 35.
Thrashing it out in the gym can be damaging to fertility as is doing too little exercise; it can trigger the release of the stress hormone cortisol, which can interfere with reproductive functions.
Studies have shown that alcohol use in men or women during an IVF cycle can have a negative effect on cycle outcomes, specifically failure of fertilization. For this reason alone, most doctors say stay away from alcohol.
You can plan three months ahead because an egg’s cycle takes 90 days, so what you eat, drink, breathe in, how you treat your body and the health of your blood flow can affect the egg’s health. It makes sense to give your body the nutrients it needs as the eggs develop and reduce the stress that comes your way.
Alternative therapies can give your body and mind a boost too. The life cycle of sperm, from production to maturation ranges from 42-76 days and so it is equally as important for men to make a plan for increasing fertility and boosting sperm health at least 2-3 months prior to giving sperm for IVF.
**NOTE: IVF is a rapidly changing medical treatment and the answers contained herein are provided on the basis of articles copied off the internet. Release My Super has no medical experience and you should always get all questions relating to any medical procedure answered by a registered medical practitioner. You should not rely on the answers to questions contained herein or act as though they are definitive or expert opinion or fact.
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.
