The ATO allows individuals to withdraw their superannuation early on compassionate grounds for certain medical treatments including:
– IVF and fertility treatments (including egg harvesting)
– Treatment for acute or chronic pain
– Treatment for acute or chronic mental illness.
It is important to note Dr Blenkin is not a financial advisor. She strongly encourages seeking independent legal, financial, taxation or other advice to check how early access of superannuation funds may impact your circumstances now or in the future.