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Month: October 2021

Home 2021 October

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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    Google Rating
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    Access My Super
    Access My Super
    4.9
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    Jason Clune
    Jason Clune
    21h ago
    It was straightforward to access my superannuation with Access My Super. I strongly recommend.
    Philip Laws
    Philip Laws
    21h ago
    Brilliant service. Made my application easy. the team made my experience streamlined and personalised.
    Nasarah Doson (Nanah)
    Nasarah Doson (Nanah)
    2 days ago
    Access my super very good organisation nice and friendly quick act on getting job done very helpful thanks for your support Jiranut
    Melissa Romeo
    Melissa Romeo
    2 days ago
    I needed to access funds from my super for major dental work. Erika was amazing throughout the whole process and made it so easy for me!Thank you Erika!
    Mary
    Mary
    2 days ago
    From the moment I enquired, to getting things finalised the process was extremely smooth! With great communication and thorough explanations during the process. It was a wonderful experience and highly recommend
    Samantha “Sam” Millerd
    Samantha “Sam” Millerd
    4 days ago
    My partner and I have had assistance from Kim twice now and both times have been super easy. The communication provided and the continued updates, makes an easy and seamless transition from application to approval.I would highly recommend access my super and we will definitely be using them again if we have to.
    Catherine Jones
    Catherine Jones
    4 days ago
    Kim helped my family grow by 1 with options for a few more down the track. Without her attention to detail and dedication to assist others navigating the complexity of early access super, we may not have had the opportunity to welcome our sweet little daughter. Thank you Kim
    Karen Champion
    Karen Champion
    5 days ago
    Rachael was amazing, the process was relatively easy 😁
    Chantelle Spina
    Chantelle Spina
    6 days ago
    Kim was a pleasure to deal with, making a very hard time a little bit easier and ensuring everything went as smooth as possible. Highly recommended!
    Adam Jones
    Adam Jones
    6 days ago
    Access My Super were very helpful in getting all the relevant documents in order for the ATO and helped with submitting forms to my super fund. Thankyou. Highly Recommended
    Nicky Cordin
    Nicky Cordin
    6 days ago
    Kim was fantastic, she was fast and efficient and made everything really easy. She made what is already a difficult journey a lot easier!
    Jess McC
    Jess McC
    7 days ago
    Access My Super has helped me so much and I am so grateful for their support and stress free service.Huge thank you to Razia and Kylee for helping me.
    Georga
    Georga
    7 days ago
    Was such an easy and pleasant service! Would highly recommend spending the money for a peace of mind leaving it with the professionals
    Mel Studzinski
    Mel Studzinski
    7 days ago
    Love these guys - They do everything possible to get you up and running
    Natalia Ivanovski
    Natalia Ivanovski
    7 days ago
    Razia was amazing she made the whole process so easy and took all the pressure off to allow us to deal with other details. The compassion shown was amazing, thank you so much
    Francene Young
    Francene Young
    7 days ago
    Holly Hibbert
    Holly Hibbert
    7 days ago
    Made the whole process simple. Did everything for me
    Tracey Conlon
    Tracey Conlon
    7 days ago
    Great customer service, very friendly and helpful.
    Cathy Rowe
    Cathy Rowe
    9 days ago
    Kim was fabulous, putting you at ease on the first phone call.Keeping you up to date with emails and explaining step by step as well.Took all the stress out of the application
    Steve Eiby
    Steve Eiby
    10 days ago
    Very efficient and easy to deal with. Thank you very much for helping us
    R Connell
    R Connell
    10 days ago
    The whole process was made so easy. Tara, my case manager was exceptional! Even when I could not get phone service due to living rural, she corresponded via messages and email until my questions were answered. Tara was prompt, pleasant to deal with and made everything so simple. I have already recommended your service to a colleague and will continue to recommend. Thank you for assisting me in getting my new pain free smile :)
    Stuart Whitby
    Stuart Whitby
    10 days ago
    Tanya Rose
    Tanya Rose
    11 days ago
    Great service!, the team at Access My Super made everything so easy which was great because I had no idea what to do. They followed up regularly but not to the point of being annoying. And they were very attentive when I finally decided to upload the super forms and the approval from the tax department. Job well done, 5 stars.
    Tania List
    Tania List
    11 days ago
    Kylee was absolutely amazing, no question was too big or too small. Would 100% recommend Access My Super 👍
    Brian Purvis
    Brian Purvis
    11 days ago
    Had great news today government has released early super to fix my teeth almost put tears to my eyes just got away for the job now thank you to the guys who helped me get the funds absolute Legends
    Nicholas Black
    Nicholas Black
    11 days ago
    Prompt service very helpful now I have new teeth and no pain very grateful
    Shannon Jull
    Shannon Jull
    11 days ago
    Just wanted to give a massive shout out to Razia, my consultant at Access My Super. Razia was excellent at keeping me updated on my progress, especially when my clinic/hospital were being slow at producing my estimate invoices. Will definitely be using her services again if necessary. Thanks Raz!
    Kathleen Jones
    Kathleen Jones
    11 days ago
    Access My Super took what I thought would be a difficult process into their hands and efficiently and effectively took the stress from me. Very helpful and timely work completed . Would absolutely use this service again.
    Jason Cusack
    Jason Cusack
    11 days ago
    Lucinda Gear
    Lucinda Gear
    11 days ago
    The whole process of accessing my super was really smooth the team were fantastic in guiding me through it and it was so much easier then l thought it would be. Thankyou for helping me change my life.
    chevross454 chev
    chevross454 chev
    11 days ago
    Excellent customer service by Lisa my experience was easy and straight forward Access my super handled everything for me . The follow ups are highly valued and appreciated . Thankyou for your help .
    jatender singh Dhillon
    jatender singh Dhillon
    11 days ago
    Jessica Mifsud
    Jessica Mifsud
    12 days ago
    SuperEasy with accessmySuper, excellent service. Well worth it!
    Abdu Saeed
    Abdu Saeed
    12 days ago
    It is great job I had good experience
    Adrian D
    Adrian D
    12 days ago
    The team at Access My Super were friendly, knowledgeable and patient with me as a shift worker who isn't always available during normal business hours. Heide made the whole process very simple and explained everything every step of the way. Thank you!
    Molly Winslade
    Molly Winslade
    12 days ago
    Tez Herrera
    Tez Herrera
    12 days ago
    Very smooth process with a helpful assistant.
    David Grace & Injustice
    David Grace & Injustice
    12 days ago
    Was well worth paying Access my SuperTo do all the paperwork and leg work for me I will be recommending them to everyone thanks so much to Jody easy to deal thanks again ❤️
    Brinskeee
    Brinskeee
    12 days ago
    Thank you so much for your help in accessing my super for my dental work :) Easy and stress free process with great communication and care. Thank you again!
    Sasha Avolio
    Sasha Avolio
    12 days ago
    Great easy process with a great team. 😊
    Yanbu Locop
    Yanbu Locop
    12 days ago
    Highly recommended.. Tara was very helpful, She helped me all the way through the whole process until I got funded with my super.
    Adrian Tonks
    Adrian Tonks
    12 days ago
    Couldn't recommend a.m.s.enough..makes the world of difference having them in your corner,, very reasonable fee,,value for money,,my agent,,Kylee,,went above n beyond,,on many occasions, without her,,wouldn't even attempt it,, putting up with me wasn't easy,,all staff o spoke with,,were fantastic,, very big THANKYOU,..so grateful
    Yazid Chebboub
    Yazid Chebboub
    12 days ago
    Tessa Beale
    Tessa Beale
    12 days ago
    Mai Cao
    Mai Cao
    12 days ago
    Thank you for all your time that help me to release my super with out any hassle.. appreciate so much
    Peter Backshall
    Peter Backshall
    12 days ago
    Could not be happier with the service and kindness shown to me. Lovely people.
    Jenny Raymond
    Jenny Raymond
    12 days ago
    I just want to say that Heide was absolutely amazing to deal with and the support and guidance she gave us, to help with accessing our Super couldn’t have been anymore easier.What an absolutely beautiful person👌😁❤️
    Chris Green
    Chris Green
    12 days ago
    Absolutely brilliant service, could not have done it without them an honest spot on service which is sooo rare nowadays “
    Selorm Kwame Leh
    Selorm Kwame Leh
    12 days ago
    Tara was exceptionally helpful through the process. Highly recommended
    Nicoline Du Plessis
    Nicoline Du Plessis
    12 days ago
    Tara, was unbelievable, so friendly and made my journey so much easy, I cany praise her enough, awesome work thank you so much, Jamie
    powered by Google
    Google Rating
    4.9
    Based on 942 reviews
    ×
    js_loader
    Access My Super
    Access My Super
    4.9
    review us onSee all reviews
    Jason Clune
    Jason Clune
    21h ago
    It was straightforward to access my superannuation with Access My Super. I strongly recommend.
    Philip Laws
    Philip Laws
    21h ago
    Brilliant service. Made my application easy. the team made my experience streamlined and personalised.
    Nasarah Doson (Nanah)
    Nasarah Doson (Nanah)
    2 days ago
    Access my super very good organisation nice and friendly quick act on getting job done very helpful thanks for your support Jiranut
    Melissa Romeo
    Melissa Romeo
    2 days ago
    I needed to access funds from my super for major dental work. Erika was amazing throughout the whole process and made it so easy for me!Thank you Erika!
    Mary
    Mary
    2 days ago
    From the moment I enquired, to getting things finalised the process was extremely smooth! With great communication and thorough explanations during the process. It was a wonderful experience and highly recommend
    Samantha “Sam” Millerd
    Samantha “Sam” Millerd
    4 days ago
    My partner and I have had assistance from Kim twice now and both times have been super easy. The communication provided and the continued updates, makes an easy and seamless transition from application to approval.I would highly recommend access my super and we will definitely be using them again if we have to.
    Catherine Jones
    Catherine Jones
    4 days ago
    Kim helped my family grow by 1 with options for a few more down the track. Without her attention to detail and dedication to assist others navigating the complexity of early access super, we may not have had the opportunity to welcome our sweet little daughter. Thank you Kim
    Karen Champion
    Karen Champion
    5 days ago
    Rachael was amazing, the process was relatively easy 😁
    Chantelle Spina
    Chantelle Spina
    6 days ago
    Kim was a pleasure to deal with, making a very hard time a little bit easier and ensuring everything went as smooth as possible. Highly recommended!
    Adam Jones
    Adam Jones
    6 days ago
    Access My Super were very helpful in getting all the relevant documents in order for the ATO and helped with submitting forms to my super fund. Thankyou. Highly Recommended
    Nicky Cordin
    Nicky Cordin
    6 days ago
    Kim was fantastic, she was fast and efficient and made everything really easy. She made what is already a difficult journey a lot easier!
    Jess McC
    Jess McC
    7 days ago
    Access My Super has helped me so much and I am so grateful for their support and stress free service.Huge thank you to Razia and Kylee for helping me.
    Georga
    Georga
    7 days ago
    Was such an easy and pleasant service! Would highly recommend spending the money for a peace of mind leaving it with the professionals
    Mel Studzinski
    Mel Studzinski
    7 days ago
    Love these guys - They do everything possible to get you up and running
    Natalia Ivanovski
    Natalia Ivanovski
    7 days ago
    Razia was amazing she made the whole process so easy and took all the pressure off to allow us to deal with other details. The compassion shown was amazing, thank you so much
    Francene Young
    Francene Young
    7 days ago
    Holly Hibbert
    Holly Hibbert
    7 days ago
    Made the whole process simple. Did everything for me
    Tracey Conlon
    Tracey Conlon
    7 days ago
    Great customer service, very friendly and helpful.
    Cathy Rowe
    Cathy Rowe
    9 days ago
    Kim was fabulous, putting you at ease on the first phone call.Keeping you up to date with emails and explaining step by step as well.Took all the stress out of the application
    Steve Eiby
    Steve Eiby
    10 days ago
    Very efficient and easy to deal with. Thank you very much for helping us
    R Connell
    R Connell
    10 days ago
    The whole process was made so easy. Tara, my case manager was exceptional! Even when I could not get phone service due to living rural, she corresponded via messages and email until my questions were answered. Tara was prompt, pleasant to deal with and made everything so simple. I have already recommended your service to a colleague and will continue to recommend. Thank you for assisting me in getting my new pain free smile :)
    Stuart Whitby
    Stuart Whitby
    10 days ago
    Tanya Rose
    Tanya Rose
    11 days ago
    Great service!, the team at Access My Super made everything so easy which was great because I had no idea what to do. They followed up regularly but not to the point of being annoying. And they were very attentive when I finally decided to upload the super forms and the approval from the tax department. Job well done, 5 stars.
    Tania List
    Tania List
    11 days ago
    Kylee was absolutely amazing, no question was too big or too small. Would 100% recommend Access My Super 👍
    Brian Purvis
    Brian Purvis
    11 days ago
    Had great news today government has released early super to fix my teeth almost put tears to my eyes just got away for the job now thank you to the guys who helped me get the funds absolute Legends
    Nicholas Black
    Nicholas Black
    11 days ago
    Prompt service very helpful now I have new teeth and no pain very grateful
    Shannon Jull
    Shannon Jull
    11 days ago
    Just wanted to give a massive shout out to Razia, my consultant at Access My Super. Razia was excellent at keeping me updated on my progress, especially when my clinic/hospital were being slow at producing my estimate invoices. Will definitely be using her services again if necessary. Thanks Raz!
    Kathleen Jones
    Kathleen Jones
    11 days ago
    Access My Super took what I thought would be a difficult process into their hands and efficiently and effectively took the stress from me. Very helpful and timely work completed . Would absolutely use this service again.
    Jason Cusack
    Jason Cusack
    11 days ago
    Lucinda Gear
    Lucinda Gear
    11 days ago
    The whole process of accessing my super was really smooth the team were fantastic in guiding me through it and it was so much easier then l thought it would be. Thankyou for helping me change my life.
    chevross454 chev
    chevross454 chev
    11 days ago
    Excellent customer service by Lisa my experience was easy and straight forward Access my super handled everything for me . The follow ups are highly valued and appreciated . Thankyou for your help .
    jatender singh Dhillon
    jatender singh Dhillon
    11 days ago
    Jessica Mifsud
    Jessica Mifsud
    12 days ago
    SuperEasy with accessmySuper, excellent service. Well worth it!
    Abdu Saeed
    Abdu Saeed
    12 days ago
    It is great job I had good experience
    Adrian D
    Adrian D
    12 days ago
    The team at Access My Super were friendly, knowledgeable and patient with me as a shift worker who isn't always available during normal business hours. Heide made the whole process very simple and explained everything every step of the way. Thank you!
    Molly Winslade
    Molly Winslade
    12 days ago
    Tez Herrera
    Tez Herrera
    12 days ago
    Very smooth process with a helpful assistant.
    David Grace & Injustice
    David Grace & Injustice
    12 days ago
    Was well worth paying Access my SuperTo do all the paperwork and leg work for me I will be recommending them to everyone thanks so much to Jody easy to deal thanks again ❤️
    Brinskeee
    Brinskeee
    12 days ago
    Thank you so much for your help in accessing my super for my dental work :) Easy and stress free process with great communication and care. Thank you again!
    Sasha Avolio
    Sasha Avolio
    12 days ago
    Great easy process with a great team. 😊
    Yanbu Locop
    Yanbu Locop
    12 days ago
    Highly recommended.. Tara was very helpful, She helped me all the way through the whole process until I got funded with my super.
    Adrian Tonks
    Adrian Tonks
    12 days ago
    Couldn't recommend a.m.s.enough..makes the world of difference having them in your corner,, very reasonable fee,,value for money,,my agent,,Kylee,,went above n beyond,,on many occasions, without her,,wouldn't even attempt it,, putting up with me wasn't easy,,all staff o spoke with,,were fantastic,, very big THANKYOU,..so grateful
    Yazid Chebboub
    Yazid Chebboub
    12 days ago
    Tessa Beale
    Tessa Beale
    12 days ago
    Mai Cao
    Mai Cao
    12 days ago
    Thank you for all your time that help me to release my super with out any hassle.. appreciate so much
    Peter Backshall
    Peter Backshall
    12 days ago
    Could not be happier with the service and kindness shown to me. Lovely people.
    Jenny Raymond
    Jenny Raymond
    12 days ago
    I just want to say that Heide was absolutely amazing to deal with and the support and guidance she gave us, to help with accessing our Super couldn’t have been anymore easier.What an absolutely beautiful person👌😁❤️
    Chris Green
    Chris Green
    12 days ago
    Absolutely brilliant service, could not have done it without them an honest spot on service which is sooo rare nowadays “
    Selorm Kwame Leh
    Selorm Kwame Leh
    12 days ago
    Tara was exceptionally helpful through the process. Highly recommended
    Nicoline Du Plessis
    Nicoline Du Plessis
    12 days ago
    Tara, was unbelievable, so friendly and made my journey so much easy, I cany praise her enough, awesome work thank you so much, Jamie
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