Important Announcement: From 1 July 2018 responsibility for the administration of the early release of super on compassionate grounds transferred from DHS to the ATO. You will be required to have a MyGov account to complete the process.
Did you know that you can also apply for early release of super to help your partner, child or other dependant, in some circumstances you can access your super multiple times, please note that this must be done for compassionate grounds only.
Release My Super specialise in helping people get access to their super, we have helped 1000’s of desperate people access money from their superannuation to pay for their required needs.
If you are needing to access your superannuation for any of the above reasons, contact Release My Super.
Read about who can access their super early. There are eligibility rules you need to meet to access your super early HERE.
Sometimes people struggle to afford medical treatments, home alterations or funeral expenses. If you need financial help, you might be able to access your super early on compassionate grounds.
Accessing your super early on compassionate grounds can help you pay for things like:
Read about who can access their super early. There are eligibility rules you need to meet to access your super early – Read more about it HERE
Read about who can access their super early. There are eligibility rules you need to meet to access your super early – Read more about compassionate release of super on the ATO website
Withdraw your super early on compassionate grounds.
Sometimes people struggle to afford medical treatments, home alterations or funeral expenses. If you need financial help, you might be able to access your super early on compassionate grounds.
Release My Super guide you so you can access your super early on compassionate grounds, this involves applying to the Australian Tax Office (ATO). If your application is completed correctly and meets the strict standards of the ATO, they may approve your application.
Please note that you can only receive enough money to pay for your quoted expenses. On approval, the ATO pay this as a lump sum from your superannuation account. The Australian Government will tax you on the money being withdrawn, this is 22% as of April 2023 and will be deducted from your account on withdrawal.
The ATO can take up to 14 days to process your early release of n online super application, or 28 days for a paper application. The ATO may also contact you during this time for more clarification on the information you provided.
If the ATO approves your application, they will generally contact you by phone. You will also receive an email letting you know of a letter in your myGov Inbox. The ATO will also tell us your application is approved.
