Early super access: what the rules actually allow
You can access super at 60 if you've retired, or at 65 no matter what. Early access is only allowed for hardship, medical emergencies, or first home buyers.
Super is meant for retirement. You get tax breaks to save long-term.
But you can get it early in limited cases: medical emergencies via the tax office, severe hardship (up to $10,000 a year) via your super fund, or as a first home buyer. Watch out for scams.
The tax office warns against misleading ads about cosmetic surgery or unnecessary dental work - these don't count as real medical needs. Never pay someone to help you access super.
Why it mattersKnowing the real rules protects you from scams. Scammers promise illegal access. Understanding what actually qualifies stops you wasting money or time.
Corroborated bycrikey.com.au
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