Dental Care Made Accessible with Early Super Release

Here are the steps you can follow to access your super early for dental care:

• Eligibility check:
  Check if you meet the criteria for early super release. Eligibility requirements include facing severe financial hardship or requiring dental care for a medical condition that qualifies under compassionate grounds.
• Documentation:
  Gather the necessary documents, including a detailed treatment plan and cost estimate, from Anchorage Dental Care Mindarie.
• Application submission:
  Apply through the Australian Taxation Office (ATO) via the myGov website. You’ll need to provide your details and the required documentation. This includes the reasons for your application or the mentioned criteria above, and some may need to provide evidence for this.
• Approval and release:
  Once approved, the funds will be released to you, enabling you to proceed with your dental treatment.

At Anchorage Dental Care Mindarie, we’re dedicated to assisting you through each step. We aim to deliver a smooth and informed process for accessing your super for dental care. Should you have further questions about the details of the process, you may go directly to Services Australia’s website.

Yes, Early Super Release can cover a range of dental treatments. These often include significant procedures, such as follows:

• Dental implants
• Orthodontics
• Comprehensive oral surgeries, like maxillofacial surgery
• Periodontic treatments
• Dental crowns
• Root canal therapy

It’s important to confirm with your superannuation fund or the ATO the precise treatments covered under your Early Super Release policy. At Anchorage Dental Care Mindarie, we provide detailed guidance on how these treatments can be funded through Early Super Release. Our team aims to help you make knowledgeable decisions about your dental health.

The duration of the process for the early super release application significantly varies. Generally speaking, it takes about 14 days for the Australian Taxation Office (ATO) to review and respond to an online application. For paper applications, the process might take up to 28 days. This timeframe can be affected by several factors. Factors include the completeness and complexity of the application, the need for additional documentation, or the high volumes of applications being processed.

Once your application is approved, the release of funds may take additional time, depending on your super fund’s processing. It’s advisable to check with the specific fund for their processing times. We also recommend contacting the Australia Taxation Office with any questions you have about the completion of your application.

Here are some of the documents you need to provide for the early super release application:

• Personal identification:
  Present any valid forms of ID, like a driver’s licence or passport.
• Medical evidence:
  A letter or report from a qualified medical professional detailing your dental treatment needs.
• Treatment Quotes or Invoices:
  Detailed quotes or invoices for the dental treatment, indicating the costs involved.
• Financial information:
  Depending on your circumstances, this might include evidence of government income support or a letter indicating financial hardship.
• Additional Supporting Documents:
  Any other documents requested by the ATO or your super fund to support your application.

At Anchorage Dental Care Mindarie, our team is here to help you understand and compile the necessary documentation for the early super release. We will guide you through each step to provide clarity along the way. Our approach intends to make your application process as seamless as possible.

Accessing your superannuation early for dental care does affect your retirement savings. Early withdrawal reduces the principal amount, which means it could lower the interest accumulation over time, potentially reducing your total retirement fund. It’s important to consider this long-term effect.

Don’t worry. We can discuss these implications with you and help you weigh these considerations. Our team will make an effort to help you balance your immediate dental health needs with your future financial stability.