Did you know that your superannuation in Australia can be used to fund essential dental care? At Supreme Dental Heyfield, we’re committed to making quality dental care accessible to all. By unlocking your superannuation under the Early Release of Superannuation (ERS) scheme, you can get the dental care you need without the financial strain.
Let us show you how it works and why it could be the right solution for you.
Superannuation is a retirement savings plan in Australia, designed to provide individuals with financial support after they retire. While it’s typically reserved for retirement, the Australian government allows early access to these funds in cases of medical or dental necessity.
This option is particularly helpful if you’re dealing with an oral health issue that can impact your overall wellbeing. Under the ERS scheme, you can apply to access your superannuation funds to cover dental treatments such as:
This financial pathway ensures you get the dental care you need, exactly when you need it, without unnecessary delays or financial stress.
To access your superannuation for dental treatments, you will first have to apply for early release of superannuation through the ERS scheme. The process involves providing evidence for the dental treatment needed and proving that the treatment is crucial to your wellbeing. Once the application is approved, you can access your funds. There are two methods you can choose from:
Self Apply via ATO:
Visit the official Australian Taxation Office (ATO) website to access the early release form. You’ll be required to provide medical documentation and other supporting details.
Apply with SuperCare Assistance:
SuperCare is a service that can assist you throughout the application process, ensuring everything is submitted correctly and promptly. Visit SuperCare’s official website to learn more.
Our team at Supreme Dental Heyfield will ensure you get the best possible care at our facility, all while guiding you through the superannuation process.
The average processing time for early release of superannuation can take anywhere between 1 to 2 weeks or more, depending on your application review.
Though access to superannuation can provide you with financial relief, it is important to consider the risks associated with it.
Generally, you can access your super once you retire. However, early access is possible in cases of financial hardship or medical needs, including dental treatments.
To withdraw super early, you must meet the specific criteria for financial hardship, medical treatment, or other approved reasons. You will have to submit supporting documents related to your dental treatments and financials.
Yes, in some cases. Wisdom teeth extractions may be covered if they meet the medical criteria for early super release, assessed on a case-by-case basis.
You can access your super fund without any restrictions once you are 65 years old. However, if you are younger, you will have to meet the criteria for early release of funds.
No, you cannot withdraw your super at any time. Early release of funds is allowed only under specific conditions.
To access your superannuation for dental treatment, you must apply for early release through the ERS scheme by providing evidence that the treatment is essential for your wellbeing. You can apply either by yourself via the ATO website or with the help of SuperCare, a service that assists with the process.
After approval, the transfer of funds can take anywhere between 1 to 3 weeks.
If you need assistance with the superannuation process in Melbourne for dental treatments, kindly get in touch with our team. From helping you understand the eligibility to submitting your application, we will guide you through every step.
Monday to Friday: 9am to 5pm