“How to Access Super on Compassionate Grounds – Quick Overview

A. The Australian Taxation Office (ATO) can grant approval for the early release of your superannuation benefits based on various compassionate grounds:

1. Medical treatment – for your or your dependant’s medical or dental needs.
2. Medical transport – for transportation to medical or dental treatment for you or your dependant.
3. Mortgage assistance – to prevent the sale of your home by the mortgage lender.
4. Modification to your home and/or motor vehicle – to make accommodations for severe disabilities for you or your dependant.
5. Care for a terminal medical condition – for palliative care for yourself or your dependant with a terminal medical condition.
6. Funeral assistance – for expenses related to the death, funeral, or burial of a dependant.

B. Each compassionate ground has its own application form, available for download from the ATO’s website. Alternatively, you can seek assistance from the Australian Taxation Office directly at 131020.

C. If the ATO approves your request, you must attach the original letter provided by them to the completed application form from your super fund, enabling the transfer of funds to you.

D. Be aware that any payments from your superannuation account may be subject to government taxes and withdrawal fees.

E. Not all super funds permit early access due to compassionate grounds or severe financial hardship. Verify their policies beforehand. If your current fund doesn’t allow early access and you’ve explored all options, including potential loss of insurance cover, consider switching funds and then applying for early access.

For more information or assistance with the application process, feel free to reach out to the ATO at 131020.”