SUPER FUNDS BURWOOD

Accessing your superannuation can provide immediate relief from dental problems, allowing you to get the care you need without financial strain. Dental health is essential for a high quality of life, and early intervention can prevent more severe issues down the line.

To qualify for early superannuation release for dental treatments, you must:

• Show Medical Necessity: Prove that your dental issues cause chronic pain or significantly impact your health.
• Demonstrate Financial Need: Show that you lack the financial means to pay for the treatment otherwise.

1. Consultation and Treatment Plan: Schedule a consultation with our experienced dentists at SIA Dental Burwood. We’ll assess your dental health and provide a detailed treatment plan.
2. Prepare Documentation: Collect medical and financial documents, including a letter from your dentist detailing the necessity of the treatment.
3. Submit Application via myGov and ATO: Log in to myGov, navigate to the ATO section, and apply for early superannuation release. Upload the required documents and follow the instructions to complete your application.
4. Approval and Funds Access: Once approved, the funds will be released from your superannuation account, allowing you to proceed with your dental treatments.

While using your superannuation early can be beneficial, it’s crucial to consider the following:

Impact on Retirement Savings

Withdrawing funds from your superannuation account now means you will have less savings available for your retirement. It’s important to weigh the immediate benefits of addressing your dental health against the long-term impact on your financial security. Think about your retirement goals and consult with a financial advisor to understand how this decision could affect your future.

Tax Implications

The early release of superannuation funds can have tax consequences. Depending on your circumstances, you might be required to pay taxes on the amount withdrawn, which could reduce the funds available for your dental treatment. It’s advisable to speak with a tax professional or financial advisor to understand any potential liabilities and ensure you are making an informed decision.

Ready to transform your dental health? Contact SIA Dental Burwood today to learn more about accessing your superannuation for dental treatments or to schedule a consultation. Our friendly team is here to guide you through the process and ensure you receive the best possible care without financial worries.

Book online or call our friendly team at SIA Dental Burwood at (03) 8538 6199 during business hours.