How You Can Get An Early Release Of Superannuation For Dental Treatment

Do you need dental implants or major dental work but have no idea how you’re going to pay for it? You could qualify for the Early Release of Superannuation (ERS), which has been established to provide you with access to your funds when you need them most.

Critical dental surgery by its very nature involves numerous procedures, technologically advanced equipment and the time and proficiencies of a highly skilled practitioner. All these factors ensure effective treatment with the least possible discomfort, but can also come at a significant cost.

Instead of waiting until you are 65 years old, you are able to access your funds immediately, regardless of you are in your 20s or your 40s. That’s why requesting an early release of superannuation for dental treatment can provide enormous financial relief, especially if you have limited private health cover.

How does early Release of Superannuation (ERS) work?

The early access to superannuation funds has been designed to allow you to receive essential dental treatment that is paid for by funds that belong to you.

However, you should note that you need to meet select criteria to apply for the early release of funds. This option should also be a last resort and one taken after all other considerations have been exhausted. Speaking to a financial counsellor before you go ahead is a good idea.

How can I apply for Early Release of Superannuation (ERS)?

First, you need to establish if you are eligible to access the funds. Depending on the superannuation fund you are with, you are allowed access to a lump sum to pay out-of-pocket expenses for dental treatment for yourself or your dependents.

Common dental treatments covered are:

  • Orthodontics/Braces
  • Crowns
  • Dental Implants
  • Root Canal Treatments
  • All-On-4 Implant Surgery

The specific requirements for applying for early access based on compassionate grounds include:

  • Meeting the needs of dental treatment that falls under any of the following conditions:
  • Life-threatening
  • Producing acute or chronic pain
  • Reduces dignity or quality of life
  • You do not have the financial means to pay for the required treatment.
  • A report needs to be completed by a dental practitioner that is registered with the Australian Health Practitioner Registration Agency.

Do you need to access superannuation funds to pay for critical dental care? For more information,contact The Point Dental today and we’ll be able to help you understand the process.

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