Access your super early

Our team can help you access your super early

Under strict criteria, some individuals may be eligible to access their super early. If you are facing financial hardship, medical expenses, or incapacity, there may be options available to you.

At YourTPD Lawyers, we can help you understand your options and pursue early super access if eligible. Our team is committed to making the process as smooth and stress-free as possible.

Claim Superannuation Early

Life can be unpredictable, and financial relief may become an urgent necessity. At YourTPD Lawyers, we specialize in assisting individuals with early access to superannuation, particularly in cases of financial hardship, medical needs, or incapacity.

How We Can Help You Access Your Super Early

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Personalised Support:

At YourTPD Lawyers, we understand that every situation is unique. Our team offers personalised consultations to assess your circumstances and provide expert advice on the best course of action for claiming your superannuation early.

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Expert Guidance:

With extensive experience in superannuation laws and early release provisions, YourTPD Lawyers provides expert guidance at every stage of the process. Whether you’re seeking financial relief, medical treatment funding, or support due to incapacity, our team ensures you receive the best possible advice to navigate your claim successfully.

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Streamlined Process:

At YourTPD Lawyers, we make the process of claiming superannuation early as simple and stress-free as possible. Our experienced team guides you through every step, ensuring you access your funds swiftly while meeting all eligibility requirements.

Why Choose YourTPD Lawyers For Claiming Superannuation Early?

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Expertise:

At YourTPD Lawyers, we leverage our deep understanding of superannuation laws and early release criteria to help you successfully access your super early. Our expertise ensures your application is accurate, well-prepared, and positioned for approval.

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Compassion:

At YourTPD Lawyers, we approach each case with sensitivity and understanding, recognising the stress and challenges that financial hardship can bring. Our team is committed to providing personalised support to help you navigate the early superannuation access process with confidence and ease.

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Efficiency:

At YourTPD Lawyers, we understand that accessing your super early can be a complex and time-sensitive process. That’s why we’ve developed a streamlined approach with personalised support, reducing the stress and delays involved.

What Are the Situations Where I Could Access My Super Early?

1. Access due to severe financial hardship

You may be able to access some of your super if you meet both these criteria:

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If you have been receiving Centrelink income support for at least 26 consecutive weeks (six months), you may be eligible to access your super early under financial hardship provisions.

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If you're facing financial hardship, you may be able to access your super early by demonstrating to your superannuation fund that the money is needed for reasonable immediate family living expenses.

If you qualify for early access to your super due to financial hardship, you can make one withdrawal of up to $10,000 every 12 months.

2. Access on compassionate grounds.

You may be able to withdraw funds on compassionate grounds. These include needing money to pay for:

Compassionate grounds include needing money to pay for:

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Medical treatment and medical transport for you or your dependent

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Make a payment on a home loan or council rates so you don’t lose your home

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Modifying your home or vehicle or buying disability aids to cater for the severe disability of you or your dependent

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Palliative care for you or your dependent

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Expenses associated with the death, funeral or burial of your dependent.

If early access is approved, the amount is paid and taxed as a lump sum.

3. Leaving Australia.

If you are leaving Australia permanently, you may be eligible to access your super before retirement.

For access due to a terminal medical condition, the following conditions must be met:

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If you have been diagnosed with an illness or injury that is likely to result in death within 24 months from the date of signing a medical certificate, you may be eligible for early superannuation access under the terminal illness provision.

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If you have been diagnosed with an illness or injury likely to result in death within 24 months, you may be eligible for early superannuation access under the terminal illness provision.

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If you have been diagnosed with an illness or injury likely to result in death within 24 months, you may be eligible for early superannuation access under the terminal illness provision.

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If you are unable to work due to a permanent physical or mental condition, you may be eligible to access your super early under the Permanent Incapacity provision.

If you have a permanent physical or mental medical condition that prevents you from working in a job you were qualified for by education, training, or experience, you may be eligible to access your super early under a Disability Super Benefit or Total Permanent Disability (YourTPD) claim.

Super balance less than $200.

You may be able to access your super if:
1. Your employment is terminated, and your super account balance is less than $200
2. You have found a ‘lost super’ account with a balance of less than $200

Contact your super fund to request access. Check the eligibility criteria for withdrawing super from ATO-held accounts. No tax is payable when accessing super accounts with a balance of less than $200.

Speak with a YourTPD Lawyers claim advisor for Permanent Incapacity claims.

Explore Our Specialist Services

At YourTPD Lawyers, we’re dedicated to providing expert legal support across a range of superannuation and insurance claims.

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Australian Super Death Claim:

Losing a loved one is difficult, and navigating superannuation claims can add further stress. Our experienced team provides compassionate support and expert guidance to help beneficiaries claim superannuation benefits swiftly and smoothly, ensuring the wishes of the deceased are honoured.

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Lawyer for Life Insurance Claims:

Navigating a life insurance claim can be complex and stressful, especially during difficult times. A YourTPD Lawyers life insurance claims lawyer provides expert legal guidance, ensuring your claim is properly prepared, negotiated, and resolved. Whether you’re filing a claim, facing delays, or disputing a denial, we are here to protect your rights and maximise your entitlement.

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Claiming Income Protection Through Super:

If illness or injury has impacted your ability to earn an income, you may be eligible for income protection benefits through your superannuation fund.

Ready to Explore Your Options For Claiming Your Superannuation Early?

Facing financial hardship can be overwhelming, but you don’t have to navigate it alone. At YourTPD Lawyers, we make claiming superannuation early a streamlined and stress-free process, leveraging our expertise in early super release due to financial hardship.

Whether you’re seeking financial relief or simply need to access your super early, our team is committed to guiding you every step of the way. Let us help you unlock the financial support you deserve and regain peace of mind.

FAQs on Claiming Superannuation Early

What is an early super release for financial hardship?

Early super release for financial hardship allows you to access your superannuation if you meet specific criteria, such as being on Centrelink income for at least 26 weeks and needing funds to meet immediate living expenses. You can withdraw up to $10,000 every 12 months.

How do I claim superannuation early due to financial hardship?

To claim superannuation early due to financial hardship, you must provide evidence of being on Centrelink income support for at least 26 weeks and demonstrate that the funds are necessary to cover immediate living expenses.

Is it possible to access your super early for medical reasons?

Yes, claiming superannuation early on compassionate grounds for medical treatment and transport, home or vehicle modifications for disability, palliative care, and more.

What are the eligibility criteria for early super release on compassionate grounds?

You must provide evidence of the need for medical treatment, preventing home foreclosure, modifying your home or vehicle for disability, or covering funeral expenses to qualify for early super release on compassionate grounds.

How do I apply for early release of super due to financial hardship?

To apply for early release of super due to financial hardship, contact your super fund, provide the necessary documentation from Centrelink, and submit an application demonstrating the need for funds to cover immediate living expenses.

What are the tax implications of accessing super early?

Withdrawals made under early release conditions are taxed. For financial hardship, the tax rate is between 17% and 22% if you are under 60. For compassionate grounds, the tax rate is applied as a lump sum.

How can I claim my superannuation early if I have a terminal illness?

You can access your super early if you have a terminal illness, verified by medical practitioners, with an expected life expectancy of less than 24 months.

Is there a limit on how much I can withdraw under early super release for financial hardship?

Yes, you can withdraw up to $10,000 every 12 months under early super release for financial hardship.

What documentation do I need to claim superannuation early?

You need to provide documentation from Centrelink if claiming due to financial hardship, medical evidence if claiming on compassionate grounds, and other relevant supporting documents as required by your super fund.