Terminal medical condition 12 month period to be extended

The Government has announced changes will be made to make it easier for people with a terminal illness to access their superannuation. Currently ‘terminal medical condition’ is a condition of release allowing full access to superannuation benefits. However meeting the definition requires two registered medical practitioners, one of which must be a specialist in the relevant… Continue reading Terminal medical condition 12 month period to be extended

Accessing super early and legally

Accessing super early is allowed in some circumstances, with a number of conditions. However illegal super early access schemes can result in stiff fines or more severe penalties. Generally in order to access superannuation generally a condition of release must be met. The conditions relevant for accessing super early include: Compassionate grounds Severe financial hardship Terminal medical conditions Temporary… Continue reading Accessing super early and legally