Can I Access My Super Early for Financial Hardship or Medical Reasons?

⚠️ Any advice provided through our communications and platforms is general financial advice only and has not considered your individual objectives, financial situation, or needs. Consequently, before you decide to act on any of the information provided, it’s important for you to evaluate its appropriateness for your personal circumstances. 

Superannuation is designed to support you in retirement—but life doesn’t always wait. For women facing financial hardship or serious medical conditions, early access to super may feel like the only option. While it’s possible under strict conditions, it’s important to understand the rules, risks, and alternatives before making a decision.

If you're experiencing severe financial hardship, you may be eligible to access a portion of your super—typically between $1,000 and $10,000—provided you've received eligible income support payments continuously for at least 26 weeks and can’t meet reasonable living expenses. Applications are made directly through your super fund, and only one withdrawal is allowed per 12-month period. Tax may apply depending on your age and the components of your super. This option is often considered a last resort, so it’s worth exploring alternatives like financial counselling, budgeting support, or government assistance before proceeding.

You can also apply to the ATO for early release of super on compassionate grounds to cover specific expenses such as medical treatment, mortgage payments to prevent foreclosure, funeral costs, or disability-related home and vehicle modifications. Unlike hardship access, this pathway doesn’t require you to be on income support—but it does require detailed documentation, including medical reports and cost estimates. Before withdrawing, consider the long-term impact on your retirement savings, potential tax implications, and how it may affect your insurance cover. Speaking with a financial adviser can help you weigh your options and protect both your present and future wellbeing.

How Prosper Financial Planning Supports You

At Prosper Financial Planning, we understand that life doesn’t always go to plan. Whether you're navigating illness, financial stress, or major life changes, we offer compassionate, strategic advice to help you make informed decisions—without sacrificing your future.

We’ll walk you through your options, explain the rules, and help you weigh the long-term impact. Because financial empowerment means having choices—even in tough times.

Ready to Take the Next Step?

Let’s talk about your situation, your goals, and how to move forward with clarity and confidence. Whether it’s a conversation, a consultation, or a coffee—we’re here for you.

References:

• Australian Taxation Office – Early Access to Your Super

• Services Australia – Income Support and Financial Hardship Criteria

• MoneySmart (ASIC) – Accessing Super Early: What You Need to Know

• SuperGuide – Compassionate Grounds for Early Super Release

• Centrelink – Eligibility for Financial Hardship Assistance