It is recognised that morbid obesity and the medical problems associated with it will reduce a person’s life expectancy, and that weight loss surgery is not yet readily available in the public hospital system. Therefore, the Australian Government allows early access to your or another family member’s superannuation to cover the costs involved in bariatric surgery.
The application for early super release is processed by the ATO. You will need to fill out an application form and obtain a written letter of support from both your GP and Specialist (Dr Taylor will provide his letter of support to you upon request after your initial consultation). The processing time by the ATO generally takes around 2-4 weeks and allow a further 4-6 weeks for your superannuation fund to release the funds to your personal bank account.
SuperCare offer an easier solution for patients whereby they process the application with the ATO on your behalf. This service is generally quicker, however a processing fee is applicable.
For more details on how to access Super to fund your weight loss procedure, phone us on . You might also be able to use Super to cover the costs of travel expenses and accommodation if you live outside of Sydney as well. Its easier than you think!