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Home 2021

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 1146 reviews
    Access My Super
    Access My Super
    4.9
    review us onSee all reviews
    Schnider Langshiu
    Schnider Langshiu
    1779582422
    I’m not a very smart person when it comes to these things, skye has help me a lot to understand and gave me the steps what I need to get done.
    Steve Williams
    Steve Williams
    1779520337
    Dave Lee
    Dave Lee
    1779479742
    Access my super where very helpful and efficient with everything and very professional and keep me informed as to the progress of my application.
    rusty shackleford
    rusty shackleford
    1779409465
    Kim was excellent sorted everything out was easy
    Brendon Miller
    Brendon Miller
    1779407655
    Lisa Daly was very knowledgeable, friendly had great communication. The process seemed overwhelming and daunting, Lisa made it seem effortless with a quick, positive outcome. Thanks again 🙌
    kerri boston
    kerri boston
    1779334214
    My case manager Amy was unreal she helped me all the way no stone unturned thank you x
    Aya Elchakik
    Aya Elchakik
    1779269285
    Incredible, fast and easy service! Lisa was so helpful. Definitely recommend
    Vanessa Eller
    Vanessa Eller
    1779172700
    Exceptionally happy with the service that I received! So helpful and understanding. Nothing was a problem, always there to help when I needed advice
    Zoe Perrin
    Zoe Perrin
    1779157554
    This was the easiest service to use, they were super helpful, straightforward process! would highly recommend worth the fee!
    Rose Lacey
    Rose Lacey
    1779154384
    They took all the hassle and stress out of the application process, I've self submitted before and had no idea wether I was doing it right. They make the process so easy and I was in contact with the same lovely person throughout the whole process. Thank you so much for everything Lisa!
    Sandii Campbell
    Sandii Campbell
    1778816172
    I highly recommend Access My Super.From start to finish, the compassion and professionalism has been second to none, and the fast and efficient service was top notch.Amy is an amazing person and her warm, understanding, and fast and friendly service was so awesome. Amy explained everything in an easy to understand way, and was with me from start to finish ensuring everything went as smoothly as possible taking so much stress away from me.I cant thank you all enough for such a wonderful experience.
    Maria Angela Dojcsan
    Maria Angela Dojcsan
    1778740887
    Chris Louis
    Chris Louis
    1778729501
    Efficient and friendly service.
    kate mafoa
    kate mafoa
    1778665150
    Great work thank you so much, friendly, professional and so quick.
    Mason
    Mason
    1778635607
    My case manager was amazing. Very knowledgeable about the process and requirements to access my Super under Compassionate grounds for dental work.The service provided was very professional, yet friendly and reassuring. I could have completed this part, however, angst and stress about the administration and required documentation was taken away from me, which honestly made for a seamless interaction from start to finish.I would recommend Access my Super if you'd rather leave the stressful paperwork and leg work up to the professionals - less stress always is a positive 🙏
    Taimoor Hassan
    Taimoor Hassan
    1778562343
    In my case Jody my Case manager was very helpful and professional. she guided me step by step throughout the process and I just got approved. Thanks heaps Jody
    Angela Knight
    Angela Knight
    1778455750
    Tara Rolff was awesome the whole process, very professional and friendly it made me feel comfortable and was even having a bit of laugh which makes me more comfortable during the process. I cannot recommend you enough. Thank you Tara❤️
    Jolene McCoy
    Jolene McCoy
    1778212966
    From start to finish Amy and Jody have been nothing but supportive, informative and alleviated all of my worries within the process. I highly recommend them and I appreciate their help so much. Thank you Ladies!
    justin jackson
    justin jackson
    1778027153
    Very helpful very easy to talk to
    Eddie Uromyeh
    Eddie Uromyeh
    1777884139
    I highly recommend Access My Super.
    GRANT RATH
    GRANT RATH
    1777871842
    Had a great experience with Access My Super. The whole process was smooth, straightforward, and handled professionally from start to finish. Communication was clear, and they made everything easy to understand, which took a lot of the stress out of it. Really happy with the service and would definitely recommend them to anyone needing help in this space.
    Tania Russell
    Tania Russell
    1777865737
    Access my super were very helpful right thru the whole process. Highly recommend using this company as I had no idea where to start. Thank you Kim for all your help.
    frank
    frank
    1777589342
    Excellent service and communication. Made whole process easy
    Amanda Preston
    Amanda Preston
    1777492811
    Amazing to go through so helpful with all your questions
    Brenda Autufuga
    Brenda Autufuga
    1777475829
    Amy was great to work with. She basically did all the work and she was very informative😁👍
    Monique Hinton
    Monique Hinton
    1777430907
    Jody has been absolutely wonderful! Thank you!
    Brendan Whitton
    Brendan Whitton
    1777185850
    Very Helpful to gain early release of some of my super for Dental work..would highly recommend
    Cherie Hamilton
    Cherie Hamilton
    1777010571
    Thank you for everything. Great service, fantastic communication.
    Thao Nguyen
    Thao Nguyen
    1777004710
    Super friendly and helpful. Highly recommend!
    Lori Cole
    Lori Cole
    1776995502
    I found sky to be amazing from access my super, very helpful nothing was a drama.
    Maddi Weil
    Maddi Weil
    1776915927
    I used Access My Super to help me access my super on compassionate grounds for medical treatment, and overall it was a really positive experience.From the start, my consultant Tara was amazing. She walked me through everything step by step, knew her stuff, and explained things in a way that made the whole process feel a lot less overwhelming. She was easy to talk to, supportive, and genuinely made me feel at ease the entire time.The only issue I ran into was when Tara was unavailable for a day. During that time I didn’t get the follow up or responses I was expecting, which caused a bit of delay and uncertainty. It didn’t feel like a reflection of her at all, more just a gap in how things are handled internally. I think there should be better coverage so things can keep moving even if someone is away.That said, when I raised it, it was handled really well. The person I spoke to apologised straight away, explained what they’d do to fix it, and followed through with a call back like they said they would. They’d already contacted the ATO and were able to give me a clear update, which I really appreciated.Overall, it was a small hiccup but they handled it properly and fixed it quickly. Tara was honestly fantastic, and the issue came down to process rather than any individual. In a time where there is so much uncertainty in the world, they made everything all a little better. Thankyou Tara and your team.
    Jerry Gushu
    Jerry Gushu
    1776759957
    Chris Bell
    Chris Bell
    1776736092
    Easy to deal with very helpful also
    Maribeth Arcellana
    Maribeth Arcellana
    1776664893
    Steve Wright
    Steve Wright
    1776229965
    ariath piol
    ariath piol
    1776218659
    They are every helpful and understanding
    Linda
    Linda
    1776113849
    Access super was fantastic they were so helpful when I looked into getting my teeth done couldn’t ask for anything better the staff were so polite but consultant was Lisa she was so helpful and polite i definitely recommend access super
    denae reuter
    denae reuter
    1776084364
    Amazing staff so friendly and helpful talked every step of the way quick results highly recommended
    Jo Diab
    Jo Diab
    1775980549
    Thankyou Amy at Access My Super, I appreciate your help with every step of the application process it definitely made it less daunting and stressful.
    Jedda Hawkey
    Jedda Hawkey
    1775700011
    Kathleen Riley
    Kathleen Riley
    1775523153
    Great service
    Daniel Nightingale
    Daniel Nightingale
    1775108541
    Highly recommended. If this path to fund treatment is available for you, then using Access My Super was so much easier than trying to co-ordinate everything yourself. At a time where I needed to be focusing on all the other things whilst preparing for my treatment, Razia at Access My Super looked after everything else. Thank you Razia!
    Victoria Kubiak
    Victoria Kubiak
    1775106365
    Very helpful, friendly and fast assistance
    rob twaddell
    rob twaddell
    1775099073
    Great service they went beyond to help so so happy i went through them
    Joey Ignacio
    Joey Ignacio
    1774995699
    Chellyyohh
    Chellyyohh
    1774951840
    This is the second time using Access my super! Amazing experience again. And thank you to Kim for making it another stress free experience and helping me get approved. Kim always replies promptly and was so helpful! I would recommend anyone to use Access my super. Really are amazing and just make it so easy for you.
    Nicole Hilder
    Nicole Hilder
    1774946355
    Excellent service by the team in sorting access to our super 👍
    sarge esho
    sarge esho
    1774938951
    Kim was really helpful from the start and answered every question I had about the process. Amazing service! Really worth the money. Would highly recommend
    God Evans
    God Evans
    1774909550
    Great business, they take care of everything. My consultant jody Boyle was an absolute joy to converse with.
    gautham s
    gautham s
    1774527573
    Kim was very helpful in explaining the process and helping us launch our application and keeping us informed whenever needed. Kim was very knowledgeable and helpful. Access my super is very helpful in time of financial stress. Highly recommend to others.
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    © 2023 All rights reserved. Access My Super | ACN: 627 555 499
    Google Rating
    4.9
    Based on 1146 reviews
    Access My Super
    Access My Super
    4.9
    review us onSee all reviews
    Schnider Langshiu
    Schnider Langshiu
    1779582422
    I’m not a very smart person when it comes to these things, skye has help me a lot to understand and gave me the steps what I need to get done.
    Steve Williams
    Steve Williams
    1779520337
    Dave Lee
    Dave Lee
    1779479742
    Access my super where very helpful and efficient with everything and very professional and keep me informed as to the progress of my application.
    rusty shackleford
    rusty shackleford
    1779409465
    Kim was excellent sorted everything out was easy
    Brendon Miller
    Brendon Miller
    1779407655
    Lisa Daly was very knowledgeable, friendly had great communication. The process seemed overwhelming and daunting, Lisa made it seem effortless with a quick, positive outcome. Thanks again 🙌
    kerri boston
    kerri boston
    1779334214
    My case manager Amy was unreal she helped me all the way no stone unturned thank you x
    Aya Elchakik
    Aya Elchakik
    1779269285
    Incredible, fast and easy service! Lisa was so helpful. Definitely recommend
    Vanessa Eller
    Vanessa Eller
    1779172700
    Exceptionally happy with the service that I received! So helpful and understanding. Nothing was a problem, always there to help when I needed advice
    Zoe Perrin
    Zoe Perrin
    1779157554
    This was the easiest service to use, they were super helpful, straightforward process! would highly recommend worth the fee!
    Rose Lacey
    Rose Lacey
    1779154384
    They took all the hassle and stress out of the application process, I've self submitted before and had no idea wether I was doing it right. They make the process so easy and I was in contact with the same lovely person throughout the whole process. Thank you so much for everything Lisa!
    Sandii Campbell
    Sandii Campbell
    1778816172
    I highly recommend Access My Super.From start to finish, the compassion and professionalism has been second to none, and the fast and efficient service was top notch.Amy is an amazing person and her warm, understanding, and fast and friendly service was so awesome. Amy explained everything in an easy to understand way, and was with me from start to finish ensuring everything went as smoothly as possible taking so much stress away from me.I cant thank you all enough for such a wonderful experience.
    Maria Angela Dojcsan
    Maria Angela Dojcsan
    1778740887
    Chris Louis
    Chris Louis
    1778729501
    Efficient and friendly service.
    kate mafoa
    kate mafoa
    1778665150
    Great work thank you so much, friendly, professional and so quick.
    Mason
    Mason
    1778635607
    My case manager was amazing. Very knowledgeable about the process and requirements to access my Super under Compassionate grounds for dental work.The service provided was very professional, yet friendly and reassuring. I could have completed this part, however, angst and stress about the administration and required documentation was taken away from me, which honestly made for a seamless interaction from start to finish.I would recommend Access my Super if you'd rather leave the stressful paperwork and leg work up to the professionals - less stress always is a positive 🙏
    Taimoor Hassan
    Taimoor Hassan
    1778562343
    In my case Jody my Case manager was very helpful and professional. she guided me step by step throughout the process and I just got approved. Thanks heaps Jody
    Angela Knight
    Angela Knight
    1778455750
    Tara Rolff was awesome the whole process, very professional and friendly it made me feel comfortable and was even having a bit of laugh which makes me more comfortable during the process. I cannot recommend you enough. Thank you Tara❤️
    Jolene McCoy
    Jolene McCoy
    1778212966
    From start to finish Amy and Jody have been nothing but supportive, informative and alleviated all of my worries within the process. I highly recommend them and I appreciate their help so much. Thank you Ladies!
    justin jackson
    justin jackson
    1778027153
    Very helpful very easy to talk to
    Eddie Uromyeh
    Eddie Uromyeh
    1777884139
    I highly recommend Access My Super.
    GRANT RATH
    GRANT RATH
    1777871842
    Had a great experience with Access My Super. The whole process was smooth, straightforward, and handled professionally from start to finish. Communication was clear, and they made everything easy to understand, which took a lot of the stress out of it. Really happy with the service and would definitely recommend them to anyone needing help in this space.
    Tania Russell
    Tania Russell
    1777865737
    Access my super were very helpful right thru the whole process. Highly recommend using this company as I had no idea where to start. Thank you Kim for all your help.
    frank
    frank
    1777589342
    Excellent service and communication. Made whole process easy
    Amanda Preston
    Amanda Preston
    1777492811
    Amazing to go through so helpful with all your questions
    Brenda Autufuga
    Brenda Autufuga
    1777475829
    Amy was great to work with. She basically did all the work and she was very informative😁👍
    Monique Hinton
    Monique Hinton
    1777430907
    Jody has been absolutely wonderful! Thank you!
    Brendan Whitton
    Brendan Whitton
    1777185850
    Very Helpful to gain early release of some of my super for Dental work..would highly recommend
    Cherie Hamilton
    Cherie Hamilton
    1777010571
    Thank you for everything. Great service, fantastic communication.
    Thao Nguyen
    Thao Nguyen
    1777004710
    Super friendly and helpful. Highly recommend!
    Lori Cole
    Lori Cole
    1776995502
    I found sky to be amazing from access my super, very helpful nothing was a drama.
    Maddi Weil
    Maddi Weil
    1776915927
    I used Access My Super to help me access my super on compassionate grounds for medical treatment, and overall it was a really positive experience.From the start, my consultant Tara was amazing. She walked me through everything step by step, knew her stuff, and explained things in a way that made the whole process feel a lot less overwhelming. She was easy to talk to, supportive, and genuinely made me feel at ease the entire time.The only issue I ran into was when Tara was unavailable for a day. During that time I didn’t get the follow up or responses I was expecting, which caused a bit of delay and uncertainty. It didn’t feel like a reflection of her at all, more just a gap in how things are handled internally. I think there should be better coverage so things can keep moving even if someone is away.That said, when I raised it, it was handled really well. The person I spoke to apologised straight away, explained what they’d do to fix it, and followed through with a call back like they said they would. They’d already contacted the ATO and were able to give me a clear update, which I really appreciated.Overall, it was a small hiccup but they handled it properly and fixed it quickly. Tara was honestly fantastic, and the issue came down to process rather than any individual. In a time where there is so much uncertainty in the world, they made everything all a little better. Thankyou Tara and your team.
    Jerry Gushu
    Jerry Gushu
    1776759957
    Chris Bell
    Chris Bell
    1776736092
    Easy to deal with very helpful also
    Maribeth Arcellana
    Maribeth Arcellana
    1776664893
    Steve Wright
    Steve Wright
    1776229965
    ariath piol
    ariath piol
    1776218659
    They are every helpful and understanding
    Linda
    Linda
    1776113849
    Access super was fantastic they were so helpful when I looked into getting my teeth done couldn’t ask for anything better the staff were so polite but consultant was Lisa she was so helpful and polite i definitely recommend access super
    denae reuter
    denae reuter
    1776084364
    Amazing staff so friendly and helpful talked every step of the way quick results highly recommended
    Jo Diab
    Jo Diab
    1775980549
    Thankyou Amy at Access My Super, I appreciate your help with every step of the application process it definitely made it less daunting and stressful.
    Jedda Hawkey
    Jedda Hawkey
    1775700011
    Kathleen Riley
    Kathleen Riley
    1775523153
    Great service
    Daniel Nightingale
    Daniel Nightingale
    1775108541
    Highly recommended. If this path to fund treatment is available for you, then using Access My Super was so much easier than trying to co-ordinate everything yourself. At a time where I needed to be focusing on all the other things whilst preparing for my treatment, Razia at Access My Super looked after everything else. Thank you Razia!
    Victoria Kubiak
    Victoria Kubiak
    1775106365
    Very helpful, friendly and fast assistance
    rob twaddell
    rob twaddell
    1775099073
    Great service they went beyond to help so so happy i went through them
    Joey Ignacio
    Joey Ignacio
    1774995699
    Chellyyohh
    Chellyyohh
    1774951840
    This is the second time using Access my super! Amazing experience again. And thank you to Kim for making it another stress free experience and helping me get approved. Kim always replies promptly and was so helpful! I would recommend anyone to use Access my super. Really are amazing and just make it so easy for you.
    Nicole Hilder
    Nicole Hilder
    1774946355
    Excellent service by the team in sorting access to our super 👍
    sarge esho
    sarge esho
    1774938951
    Kim was really helpful from the start and answered every question I had about the process. Amazing service! Really worth the money. Would highly recommend
    God Evans
    God Evans
    1774909550
    Great business, they take care of everything. My consultant jody Boyle was an absolute joy to converse with.
    gautham s
    gautham s
    1774527573
    Kim was very helpful in explaining the process and helping us launch our application and keeping us informed whenever needed. Kim was very knowledgeable and helpful. Access my super is very helpful in time of financial stress. Highly recommend to others.
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    ×
    js_loader