We are in an enormous amount of financial difficulty & so I have filled out a form to access $10,000 of super- not ideal but necessary. Can they say no? Is anybody familiar with this?



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Posted by sanjipanj, 7th May 2014


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  • It really depends on your policy. Read the fine print.



  • it goes case by case they make a decision on your application at the time.
    good luck hope you get the answer you want.



  • It all depend on your superannuation fund of cause, each has their own rules. Biggest problem is that the fund might penalise you for accessing early (similar to pulling early from a fixed term deposit of a bank).



  • as long as you have bills that are overdue and can submit these that show your not paying your bills, then they usually release it



  • I am not 100% sure but talk with your super fund and they might be able to give you information



  • Its al a case by case basis, there are criteria, so no one but the instiutution can tell you yes or no all we can do here is guesstimate. Good luck and God Bless



  • It will depend on your situation and who deals with your case. Your definition of financial difficulties may be different to what they see as financial hardship. So they can say no.



  • My brother was able to access his and he was renting.



  • yes they can say no but some are better than others with the criteria you have to met. I tried to get mine out after an accident as I will never work again but alas I just get to sit back and watch it waste away but we did get Hubby’s with no problems so there is some hope.



  • They can say no if it does not fit their criteria for hardship provisions. I would also recommend speaking with the tax office or an accountant about your tax liability when accessing your super. The last thing you are going to want is a tax bill!



  • not entirely sure :( have you spoken to your financial institution about this?



  • I applied several years ago and was rejected as I rent. I was told at the time if I had a mortgage in serious arrears I could access it. I guess if you rent they don’t care if you wind up homeless…



  • Depends on how old you are, what regulations your super company has, and also governments unfortunately have some control over accessing super. If you don’t meet the basic criteria, then it may help if you get supporting letters from your doctor, and companies that you owe money to, and even your local MP, as you can access super under a “financial hardship” clause, even if you’re not at the age when most people can cash in super.



  • Check with the government, as I know there is policies surrounding this, and accessing before a certain age.


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