Superannuation Early Release: A solution for Dental Expenses
Access Your Superannuation for Dental Treatments with SuperCare
If the cost of essential dental treatment is a worry, SuperCare in Beenleigh may be an option. SuperCare is an external service that helps eligible people apply to the Australian Taxation Office (ATO) to release some of their superannuation to pay for dental treatment. It isn’t a loan, so there are no repayments, but it does reduce your retirement savings, so it’s worth thinking it through.
What is SuperCare?
SuperCare helps with applications under the ATO’s Compassionate Release of Superannuation (CRS) program, which lets eligible people use some of their super for necessary medical and dental treatment. SuperCare manages the application on your behalf. The ATO decides whether to approve it.
Dental Treatments Covered by SuperCare
Applications can be made for a range of treatments, as long as the ATO’s release criteria are met. These may include:
✔ Dental Implants & Dentures
✔ Orthodontics & Clear Aligners
✔ Oral & Maxillofacial Surgery
✔ Crowns & Veneers
✔ Root Canal Treatments
✔ General Dentistry
✔ IV Sedation/ Sleep Dentistry
Things to know before you apply
- It’s your own money. Released super isn’t a loan, so there’s no interest or repayments. It does lower your super balance, which may affect your retirement savings.
- Family members. In some cases you can apply to release super to pay for treatment for a dependant. Check the ATO criteria.
- The ATO sets the rules. Release is limited to what’s needed for the approved treatment, and the ATO decides whether to approve each application.
- Fees and tax. Check SuperCare’s fees and terms, and any tax that may apply to released super, before you apply.
- Support. A SuperCare consultant can guide you through the application.
Teeth.org.au, the ADA’s patient site, has independent information on using compassionate release of super for dental treatment.
How It Works
- Exam and quote – We examine your teeth and give you a treatment plan and quote, which the application needs.
- Contact Our Clinic – Speak to our friendly team to learn how SuperCare can assist you.
- SuperCare Application Support – SuperCare’s consultants will help you apply for early release of superannuation through the ATO’s CRS Program.
- Application – SuperCare manages the application. Once the ATO makes a decision, we can plan your treatment.
Talk to us about SuperCare in Beenleigh
If you’d like to know whether SuperCare could help with your treatment, call our Beenleigh clinic on (07) 3287 5390. We’ll explain the process and how it fits with our other payment options.