Early Release of Super
If you are facing costly dental procedures that are necessary for your health and well-being but find yourself financially constrained, you may be eligible to access your super early to cover the costs.
We Strive to Provide The Best Dental Care For All Our Patients
Early Release of Super for Dental Work
In Australia, superannuation (commonly known as super) is intended to provide financial support during retirement. It’s a long-term investment that grows with time with regular contributions like a high interest savings account. The compounding effect, together with a low tax benefit allows individuals to grow their retirement funds. As you are not able to access these funds until retirement, the idea is that there will be significant savings for you to draw on by the time you retire.
In certain circumstances, such as medical and dental emergencies, individuals can apply for an compassionate early release of their superannuation. If you are facing costly dental procedures that are necessary for your health and well-being but find yourself financially constrained, you may be eligible to access your super early to cover the costs.
Why should I release my Super for Dental Work?
Oral health is a crucial aspect of overall well-being and we recognise that it can be expensive for certain complex procedures. These procedures include oral reconstructive surgery, dental implants, dental crowns, root canals and orthodontics to name a few. Struggling to afford these necessary dental treatments can impact your quality of life, self-esteem, and even physical health.
The Australian Tax Office (ATO) acknowledges that dental care, when linked to serious medical conditions or is required urgently, can be grounds for early release of super. This makes dental work one of the categories under “compassionate grounds” for accessing superannuation.
What Dental work qualifies for Early Super Release?
It’s important to note that not all dental treatments are eligible for early super release. The basic criteria that your dental work needs to be meet are:
- Alleviate acute or chronic pain
- Treat a life-threatening condition or disability
- Improve your quality of life if your dental health is severely impacted
Considering the above, the common dental treatments that may qualify are:
- Reconstructive dental surgery
- Wisdom teeth removal
- Dental Implants
- Advanced Gum Disease Treatment
- Orthodontic treatment for severe malocclusions
- Cosmetic dental treatment affecting your quality of life
Routine dental check-ups, teeth cleaning, and cosmetic treatments such as teeth whitening usually do not qualify.
How do I start my application for early super access?
To apply for an early release of super for dental treatment, we recommend the following steps:
Important things to consider
Other Payment Plans
A smile is for life, so it is definitely worth your while to plan for the future. Here at Dental at Keys, we offer payment plans via:
Frequently Asked Questions
What is Early Release of Super for dental treatment?
Early Release of Super (ERS) allows eligible patients to access part of their superannuation savings to pay for necessary dental or orthodontic treatments that they may not otherwise be able to afford.
What dental treatments can be covered under Early Release of Super?
ERS can be used for a wide range of dental procedures, including implants, orthodontics, crowns, bridges, and other major treatments that are deemed essential for your oral health and wellbeing.
Am I eligible to access my super for dental care?
Eligibility depends on meeting strict criteria set by the Australian Taxation Office (ATO). Generally, you may qualify if the treatment is considered essential for your health and you do not have the financial means to pay for it upfront.
How do I apply for Early Release of Super for dental treatment?
The process usually involves your dentist providing a supporting letter, along with an application to the ATO via your MyGov account. Our team can guide you through each step to make the process as simple and stress-free as possible.
