Access due to severe financial hardship

You may be able to withdraw some of your super if you received Australian Government income support payments continuously for 26 weeks and are unable to meet reasonable and immediate family living expenses.

You receive a withdrawal due to severe financial hardship as a lump sum.

The minimum amount that can be paid is $1,000 (unless your super balance is less than $1,000) and the maximum amount is $10,000.

You can only make one withdrawal from your super fund because of severe financial hardship in any 12 month period.

How to apply

Contact your super fund to request access to your super due to severe financial hardship.

The Department of Human Services (DHS) can provide a letter confirming you received an eligible income support payment for the required period.

See also:

How tax applies

There are no special tax rates for a super withdrawal because of severe financial hardship.

See also:

    Last modified: 01 Sep 2016QC 37785