Beyond the ordinary

Here are some friendly (and legal) tips, straight from the experts at MoneySmart.gov.au!

1. Know the Rules, Don't Break the Rules
Just because your super is yours doesn’t mean you can access it whenever you feel like it. There are strict rules about when you can release your super early. It's only for those situations where you’re really in a jam like serious medical conditions or severe financial hardship. So, before you start dreaming of a holiday in Bali, check if you actually qualify! 

2. Don’t Ditch Your Super for Little Things
Superannuation is your long term savings plan, meant to help you live your best retirement life (or finally buy that dream beach house when you're 80). 

3. Plan, Don’t Panic
While accessing your super early can help in a financial emergency, it’s a bit like taking a loan from your future self. You will be short of funds later down the track so make sure it’s worth it. Ask yourself: "Is this medical bill or home repair really worth losing some of my retirement party?" If the answer is yes, then go ahead, but just be sure you’ve thought it through.

4. The Paperwork... Oh, The Paperwork... We got you.......
Let’s face it: no one likes paperwork. But when you apply for an early release of super, we can deal with forms, proof of hardship and probably a few phone calls to financial institutions. Don’t stress though Claims Australia is here to make it as painless as possible. We’ll handle the boring stuff, you focus on your sanity!

5. Beware of Scams
Sadly, there are some dodgy characters out there who might try to convince you to “unlock” your super for a fee. Don’t fall for it! If anyone asks you to pay upfront for early access to your super, run in the other direction. The only fee you should be paying is for the legitimate processing of your claim and we’re here to make sure it’s all above board.