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Tax implications for the Early Release of Super under Compassionate Grounds

October 5, 2021admin

Tax implications? If you’re aged under 60, the amount released under compassionate grounds will be taxed between 17% and 22%. The lump-sum paid will usually be made up of taxable and non-taxable components. However, if you’re over 60, the early…

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    Important Disclaimer:
    This information is general in nature and doesn’t constitute financial or medical advice. Compassionate release eligibility is determined solely by the Australian Taxation Office based on individual circumstances and medical evidence. Success in previous applications doesn’t guarantee future approvals. We recommend consulting with qualified financial and medical professionals before making decisions about accessing your superannuation.

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    Surry Hills NSW 2010,
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    1800 845 121
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    Google Rating
    4.9
    Based on 830 reviews
    ×
    js_loader
    Access My Super
    Access My Super
    4.9
    review us onSee all reviews
    Illy Holmes
    Illy Holmes
    24h ago
    I was provided quick, easy and professional service throughout my interactions. My case manager was great - Tara. She made every step smooth which was what I needed to allow me to deal with a busy everyday life.
    Jacky Ordonez
    Jacky Ordonez
    6 days ago
    Access My Super was amazing when it came to applying for my super. Kim was so helpful, professional and knowledgeable. She made the whole process look so easy. I received my approval in less than 14 days.Highly recommend Kim at AMS.Keep up the good work Kim. 🙏🙏
    Leah Pollard
    Leah Pollard
    6 days ago
    gina Masterton
    gina Masterton
    7 days ago
    Skye was patient with me and all my questions and very knowledgeable. She was always professional and pleasant.
    Selorm Kwame Leh
    Selorm Kwame Leh
    8 days ago
    Tara was exceptionally helpful through the process. Highly recommended
    Sherry Azad
    Sherry Azad
    9 days ago
    Mai Cao
    Mai Cao
    9 days ago
    Thank you for all your time that help me to release my super with out any hassle.. appreciate so much
    Jamie Smith
    Jamie Smith
    12 days ago
    I dealt with Lisa and she was a spectacular operator and she had all the info I needed and made the process very easy!
    Monique Thomason
    Monique Thomason
    21 days ago
    I recently used this company to assist with the early release of my superannuation and had the pleasure of dealing with Emma throughout the process. She was extremely prompt, professional, and always kept me informed at every stage. Emma made what could have been a stressful experience so much easier with her efficiency and clear communication. I’m very grateful for her support and highly recommend this service to anyone needing help with their super release.
    Jackie Nagel
    Jackie Nagel
    22 days ago
    Very easy, quick turn around and awesome customer service 😀
    Katalina Evile
    Katalina Evile
    22 days ago
    allan sau (alndaladd)
    allan sau (alndaladd)
    23 days ago
    A professional yet personal experience.All my questions were answered quickly and with a degree of understanding.
    Sophie Juresic
    Sophie Juresic
    23 days ago
    Razia was so amazing. Fast, helpful and super caring throughout the whole process. Highly recommend!
    buba radev
    buba radev
    26 days ago
    Excellent service
    Kate MacPhee
    Kate MacPhee
    28 days ago
    Super efficient, kind and compassionate.Made the whole process during a stressful time extremely easy!
    Nick Clutterbuck
    Nick Clutterbuck
    28 days ago
    Highly recommended Access my super!I had no issues at all and received my funds fairly quickly. Within a few weeks.
    Nick Atonio
    Nick Atonio
    a month ago
    Great service!Thank you very much.
    Darren Angus
    Darren Angus
    a month ago
    Lisa was my case manager and made it absolutely an easy access to everything that I needed,and was so helpful in this time of need.Lisa thoroughly going through the steps and processors to be able to obtain early release of my super.From my experience, it was fantastic i Would choose this team again easily if ever needed thank you Access my supper team
    Jason Cusack
    Jason Cusack
    a month ago
    Abbey Howard
    Abbey Howard
    a month ago
    NOT good value for the cost. Could have done it easily my self with an extra hours work. Thought it would be more complex but not really. Appreciate the help and time saving but not for that price. Inflated to appeal to the impulse buyers (needers)
    Brigitta Anita Edser
    Brigitta Anita Edser
    a month ago
    We had expert advice , and it was great outcome. Thankyou Tara and the team
    Russell Whittaker
    Russell Whittaker
    a month ago
    Thay tried there best to do as little as possible
    Tizz
    Tizz
    a month ago
    Tara Rolf was a great help and got my early access of super approved for Invisalign. Thank you 😊
    Dee - marie
    Dee - marie
    a month ago
    Very easy process and very helpful in assisting me with everything I needed to provide the correct information
    Amy C
    Amy C
    a month ago
    Going through this process is impossible to navigate on your own. It is also very daunting in today's climate with cyber security to trust someone you have never met in person with your personal information. Kim is extremely knowledgeable, efficient, responsive to your queries and patient with your questions, no matter how dumb they sound. I can not recommend this company highly enough and would be 100 stars if possible. Kim was exceptional and I am so grateful that I went through this process with her. Thank you Kim.
    Maz T
    Maz T
    a month ago
    Kim was fantastic throughout the whole process! What would have been an overwhelming and daunting process of paperwork and uncertainty- Kim walked me through every step and was always so quick to respond. Cannot recommend using Access My Super especially if you’re wanting one less thing to worry about! Thank you Kim!
    Swampy Marsh
    Swampy Marsh
    a month ago
    After years of not getting my teeth sorted, mostly because of the cost, the option of accessing my super felt like my last chance. The process involved to do this felt quite daunting and something I wasn’t sure I could do. Once I had my first consult and received my dental plan, my dentist contacted Access My Super. From the first phone call I received from Azra right through to the last confirming approval from the ATO, I could not have been any happier with the service they provided. Azra was extremely patient, polite and informative throughout. Not once was I stressed or worried as everything was done by them.For anyone who thinks the fee charged might be more than they thought or a bit out of their reach, I can guarantee 100% it is worth every cent! And you can claim it on your next tax return. I would not hesitate to recommend Access My Super to anyone in the future. Thank you so much Azra! And Access My Super! 🙏
    christine houghton
    christine houghton
    a month ago
    Kim was professional and made the process easy to understand
    Sean Baylis
    Sean Baylis
    a month ago
    An absolute amazing experience with Access My Super with great results. Fantastic communication and extremely professional. They work with you through out the whole process and are always available to answer any questions if needed. I thoroughly recommend Access My Super.
    Natalie Rankin
    Natalie Rankin
    a month ago
    Kylee was absolutely wonderful did everything for me and kept me updated through the whole process thank you
    Scott Brooker
    Scott Brooker
    a month ago
    Amazing serviceTheir help made making my claim so much faster and easier I can highly recommend their services
    Tania Connolly
    Tania Connolly
    a month ago
    Super fast and efficient service. Thank you!
    kez fitzgibbon
    kez fitzgibbon
    a month ago
    Michelle Weller
    Michelle Weller
    a month ago
    Amazing service, seamless process, so helpful. Heide is fantastic. Thank you so much xx
    Emma
    Emma
    a month ago
    I just wanted to say how amazing Emma was! She went above and beyond to help me get my super out early due to upcoming dental work, and I couldn’t be more grateful. She made everything so clear and easy to understand—I knew exactly what was happening every step of the way. Any questions I had, she answered with patience and kindness. Truly a fantastic experience thanks to her support!
    Anna Lucidi
    Anna Lucidi
    a month ago
    Wonderful Service!Helene, made a very difficult time so much less stressful with her support.Quick and excellent service at all times.Thank you Helene and Acces My Super.
    Sabina Contreras
    Sabina Contreras
    2 months ago
    Kim was excellent at assisting me to access my super. She worked quickly and was an excellent communicator, keeping me in the loop throughout the entire process! Thank you again!
    Andreas Fischer
    Andreas Fischer
    2 months ago
    Redwan Dennaoui
    Redwan Dennaoui
    2 months ago
    Outstanding service and support.Jody, assisted my every step of the way, all the administrative and after care.I honestly don’t think I could have done this alone without incurring further stress.Thank you so much for all that you have done
    stephen grant
    stephen grant
    2 months ago
    Access my super was very easy to deal with very happy with the out come 😀
    kaushi yachin
    kaushi yachin
    2 months ago
    Avon Walker
    Avon Walker
    2 months ago
    Great service, case officer was efficient and made the process seamless very quick turnaround
    trisha thomsen
    trisha thomsen
    2 months ago
    Heidi from Access my Super was amazing! She went above and beyond and answered all of my questions and made me feel at ease whilst walking me through each step of the process. Highly recommend to anyone needing to access their super on compassionate grounds. Thank-you again Heidi.
    Sherie Kaneri
    Sherie Kaneri
    2 months ago
    angela
    angela
    2 months ago
    The service was absolutely excellent. What started as a stressful situation was made completely streamlined and stress-free. Communication was always clear and concise, timelines were met with ease, and the team was friendly, supportive, and professional throughout. I would definitely recommend their services to anyone looking for a smooth, hassle-free experience.
    Emily Saliba
    Emily Saliba
    2 months ago
    Worth every penny. Heide helped both my partner and I get access to our super for expensive dental work. Heide, you are such a lovely, warm, helpful person and we couldn't have done this without you!
    Frazer Adams
    Frazer Adams
    2 months ago
    So helpful,terrific consultant helped every step of the way. Highly recommended
    Nazanin Azimi
    Nazanin Azimi
    2 months ago
    Kim and the management there are very good at communication and looking after their clients. They do what’s in the best interests of the clients. Recommended
    Demi Hughes
    Demi Hughes
    2 months ago
    They were lovely made the whole process super easy without them I wouldn’t have been able to get a life changing surgery I needed thank you access my super I will definitely use your services again in the future !
    Lachlan Sullivan
    Lachlan Sullivan
    2 months ago
    Great service.Kylee was very professional and efficient and very reasonable price.Highly recommend.
    powered by Google
    Google Rating
    4.9
    Based on 830 reviews
    ×
    js_loader
    Access My Super
    Access My Super
    4.9
    review us onSee all reviews
    Illy Holmes
    Illy Holmes
    24h ago
    I was provided quick, easy and professional service throughout my interactions. My case manager was great - Tara. She made every step smooth which was what I needed to allow me to deal with a busy everyday life.
    Jacky Ordonez
    Jacky Ordonez
    6 days ago
    Access My Super was amazing when it came to applying for my super. Kim was so helpful, professional and knowledgeable. She made the whole process look so easy. I received my approval in less than 14 days.Highly recommend Kim at AMS.Keep up the good work Kim. 🙏🙏
    Leah Pollard
    Leah Pollard
    6 days ago
    gina Masterton
    gina Masterton
    7 days ago
    Skye was patient with me and all my questions and very knowledgeable. She was always professional and pleasant.
    Selorm Kwame Leh
    Selorm Kwame Leh
    8 days ago
    Tara was exceptionally helpful through the process. Highly recommended
    Sherry Azad
    Sherry Azad
    9 days ago
    Mai Cao
    Mai Cao
    9 days ago
    Thank you for all your time that help me to release my super with out any hassle.. appreciate so much
    Jamie Smith
    Jamie Smith
    12 days ago
    I dealt with Lisa and she was a spectacular operator and she had all the info I needed and made the process very easy!
    Monique Thomason
    Monique Thomason
    21 days ago
    I recently used this company to assist with the early release of my superannuation and had the pleasure of dealing with Emma throughout the process. She was extremely prompt, professional, and always kept me informed at every stage. Emma made what could have been a stressful experience so much easier with her efficiency and clear communication. I’m very grateful for her support and highly recommend this service to anyone needing help with their super release.
    Jackie Nagel
    Jackie Nagel
    22 days ago
    Very easy, quick turn around and awesome customer service 😀
    Katalina Evile
    Katalina Evile
    22 days ago
    allan sau (alndaladd)
    allan sau (alndaladd)
    23 days ago
    A professional yet personal experience.All my questions were answered quickly and with a degree of understanding.
    Sophie Juresic
    Sophie Juresic
    23 days ago
    Razia was so amazing. Fast, helpful and super caring throughout the whole process. Highly recommend!
    buba radev
    buba radev
    26 days ago
    Excellent service
    Kate MacPhee
    Kate MacPhee
    28 days ago
    Super efficient, kind and compassionate.Made the whole process during a stressful time extremely easy!
    Nick Clutterbuck
    Nick Clutterbuck
    28 days ago
    Highly recommended Access my super!I had no issues at all and received my funds fairly quickly. Within a few weeks.
    Nick Atonio
    Nick Atonio
    a month ago
    Great service!Thank you very much.
    Darren Angus
    Darren Angus
    a month ago
    Lisa was my case manager and made it absolutely an easy access to everything that I needed,and was so helpful in this time of need.Lisa thoroughly going through the steps and processors to be able to obtain early release of my super.From my experience, it was fantastic i Would choose this team again easily if ever needed thank you Access my supper team
    Jason Cusack
    Jason Cusack
    a month ago
    Abbey Howard
    Abbey Howard
    a month ago
    NOT good value for the cost. Could have done it easily my self with an extra hours work. Thought it would be more complex but not really. Appreciate the help and time saving but not for that price. Inflated to appeal to the impulse buyers (needers)
    Brigitta Anita Edser
    Brigitta Anita Edser
    a month ago
    We had expert advice , and it was great outcome. Thankyou Tara and the team
    Russell Whittaker
    Russell Whittaker
    a month ago
    Thay tried there best to do as little as possible
    Tizz
    Tizz
    a month ago
    Tara Rolf was a great help and got my early access of super approved for Invisalign. Thank you 😊
    Dee - marie
    Dee - marie
    a month ago
    Very easy process and very helpful in assisting me with everything I needed to provide the correct information
    Amy C
    Amy C
    a month ago
    Going through this process is impossible to navigate on your own. It is also very daunting in today's climate with cyber security to trust someone you have never met in person with your personal information. Kim is extremely knowledgeable, efficient, responsive to your queries and patient with your questions, no matter how dumb they sound. I can not recommend this company highly enough and would be 100 stars if possible. Kim was exceptional and I am so grateful that I went through this process with her. Thank you Kim.
    Maz T
    Maz T
    a month ago
    Kim was fantastic throughout the whole process! What would have been an overwhelming and daunting process of paperwork and uncertainty- Kim walked me through every step and was always so quick to respond. Cannot recommend using Access My Super especially if you’re wanting one less thing to worry about! Thank you Kim!
    Swampy Marsh
    Swampy Marsh
    a month ago
    After years of not getting my teeth sorted, mostly because of the cost, the option of accessing my super felt like my last chance. The process involved to do this felt quite daunting and something I wasn’t sure I could do. Once I had my first consult and received my dental plan, my dentist contacted Access My Super. From the first phone call I received from Azra right through to the last confirming approval from the ATO, I could not have been any happier with the service they provided. Azra was extremely patient, polite and informative throughout. Not once was I stressed or worried as everything was done by them.For anyone who thinks the fee charged might be more than they thought or a bit out of their reach, I can guarantee 100% it is worth every cent! And you can claim it on your next tax return. I would not hesitate to recommend Access My Super to anyone in the future. Thank you so much Azra! And Access My Super! 🙏
    christine houghton
    christine houghton
    a month ago
    Kim was professional and made the process easy to understand
    Sean Baylis
    Sean Baylis
    a month ago
    An absolute amazing experience with Access My Super with great results. Fantastic communication and extremely professional. They work with you through out the whole process and are always available to answer any questions if needed. I thoroughly recommend Access My Super.
    Natalie Rankin
    Natalie Rankin
    a month ago
    Kylee was absolutely wonderful did everything for me and kept me updated through the whole process thank you
    Scott Brooker
    Scott Brooker
    a month ago
    Amazing serviceTheir help made making my claim so much faster and easier I can highly recommend their services
    Tania Connolly
    Tania Connolly
    a month ago
    Super fast and efficient service. Thank you!
    kez fitzgibbon
    kez fitzgibbon
    a month ago
    Michelle Weller
    Michelle Weller
    a month ago
    Amazing service, seamless process, so helpful. Heide is fantastic. Thank you so much xx
    Emma
    Emma
    a month ago
    I just wanted to say how amazing Emma was! She went above and beyond to help me get my super out early due to upcoming dental work, and I couldn’t be more grateful. She made everything so clear and easy to understand—I knew exactly what was happening every step of the way. Any questions I had, she answered with patience and kindness. Truly a fantastic experience thanks to her support!
    Anna Lucidi
    Anna Lucidi
    a month ago
    Wonderful Service!Helene, made a very difficult time so much less stressful with her support.Quick and excellent service at all times.Thank you Helene and Acces My Super.
    Sabina Contreras
    Sabina Contreras
    2 months ago
    Kim was excellent at assisting me to access my super. She worked quickly and was an excellent communicator, keeping me in the loop throughout the entire process! Thank you again!
    Andreas Fischer
    Andreas Fischer
    2 months ago
    Redwan Dennaoui
    Redwan Dennaoui
    2 months ago
    Outstanding service and support.Jody, assisted my every step of the way, all the administrative and after care.I honestly don’t think I could have done this alone without incurring further stress.Thank you so much for all that you have done
    stephen grant
    stephen grant
    2 months ago
    Access my super was very easy to deal with very happy with the out come 😀
    kaushi yachin
    kaushi yachin
    2 months ago
    Avon Walker
    Avon Walker
    2 months ago
    Great service, case officer was efficient and made the process seamless very quick turnaround
    trisha thomsen
    trisha thomsen
    2 months ago
    Heidi from Access my Super was amazing! She went above and beyond and answered all of my questions and made me feel at ease whilst walking me through each step of the process. Highly recommend to anyone needing to access their super on compassionate grounds. Thank-you again Heidi.
    Sherie Kaneri
    Sherie Kaneri
    2 months ago
    angela
    angela
    2 months ago
    The service was absolutely excellent. What started as a stressful situation was made completely streamlined and stress-free. Communication was always clear and concise, timelines were met with ease, and the team was friendly, supportive, and professional throughout. I would definitely recommend their services to anyone looking for a smooth, hassle-free experience.
    Emily Saliba
    Emily Saliba
    2 months ago
    Worth every penny. Heide helped both my partner and I get access to our super for expensive dental work. Heide, you are such a lovely, warm, helpful person and we couldn't have done this without you!
    Frazer Adams
    Frazer Adams
    2 months ago
    So helpful,terrific consultant helped every step of the way. Highly recommended
    Nazanin Azimi
    Nazanin Azimi
    2 months ago
    Kim and the management there are very good at communication and looking after their clients. They do what’s in the best interests of the clients. Recommended
    Demi Hughes
    Demi Hughes
    2 months ago
    They were lovely made the whole process super easy without them I wouldn’t have been able to get a life changing surgery I needed thank you access my super I will definitely use your services again in the future !
    Lachlan Sullivan
    Lachlan Sullivan
    2 months ago
    Great service.Kylee was very professional and efficient and very reasonable price.Highly recommend.
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