Early access to superannuation for medical treatment

By wjmadden An article in Australian Doctor today draws attention to the potential for change to present processes allowing patients to access their superannuation to pay for medical treatments. The two main categories for the approval of early release on compassionate grounds in 2016‑17 were medical treatment and transport (around 72 per cent of funds approved for release), and mortgage payments (around 18 per cent of total funds approved).
Release on medical grounds has increased by around $205 million over the period since 2000-01, which is nearly a five‑fold increase compared to all other grounds of compassionate release.
In the period July to September …read more

Source:: Bill Madden

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