Compassionate Release of Superannuation to Pay for Dental Treatments

At The Good Dentist, we believe that everyone deserves access to quality dental care. We also understand that dental treatments can sometimes be costly, and financial concerns should not stand in the way of optimal oral health. There is a viable solution: accessing your superannuation to pay for dental treatments.

Discover if using super to pay for dental is right for you.

Dental Treatments You Can Access Super

Superannuation is a long-term savings system in which employers contribute a portion of your salary to a super fund. If you find yourself in need of dental treatment but struggling with the costs, accessing your superannuation before retirement can provide a solution.

Compassionate release of super refers to situations where individuals face financial hardship and require urgent expenses.

Dental treatments that fall under compassionate grounds are as follows:

A life-threatening condition
To alleviate acute or chronic pain
Mental health disturbance
Significant illness, injury, or disability affecting your ability to work

By accessing your super under compassionate release, you can utilise those funds to cover the costs of essential dental treatments.

Criteria for Compassionate Release of Super

To ensure that you are eligible to receive your superannuation for dental purposes, it’s important to meet the following criteria.

Exhaustion of Other Funds

To be eligible for accessing your superannuation, you should demonstrate that you do not have alternative funds readily available to cover the cost of your dental treatment. This includes private health insurance coverage or personal savings that could be used for treatment expenses.

Medical Documentation

As part of the process, you will need to provide appropriate medical documentation that clearly demonstrates the essential need for dental treatment. This documentation is crucial to support your application for accessing superannuation for dental care.

Using Super for Dental: Covered Treatments

The types of dental treatments that can be covered by superannuation include treatments necessary to alleviate severe pain, address life-threatening conditions, or manage chronic illnesses. These treatments may include, but are not limited to:

Root Canal
Dental Implants
Dental Crowns
Periodontal (Gum) Disease
Orthodontic Treatments (Braces, Aligners)
Dental Fillings

If you require any of these treatments due to acute or chronic conditions affecting your daily life, accessing your super for dental work may be a viable option for you.

Accessing Super for Dental Work: Step-by-Step Guide

The Good Dentist, Newcastle, partners with Super Health Ensemble to make the process as straightforward as possible for you. Here’s our step-by-step guide on how to apply for early release of superannuation for dental treatments:

Eligibility: Schedule a consultation with one of our dentists to discuss your treatment needs, determine your eligibility for accessing super for dental and ensure you have a clear understanding of what to expect.
Documentation: Your dentist will assist you in gathering the necessary documents, including a treatment plan, a quote, a letter outlining the medical necessity of the treatments, and any other supporting documentation.
Seek Financial Advice: It’s essential to seek advice from a certified financial planner or advisor who can assess the impact of accessing your super on your financial situation and retirement plan.
Submitting the Application: With the guidance of your superannuation dentist, you will submit the application to the Australian Taxation Office (ATO) providing all the required documentation and completing the necessary forms.
Approval and Payment: The ATO will review your case and determine if you meet the criteria for accessing super for dental. If approved, the funds will be released directly to your dentist to cover the costs of your treatment.

Seek Professional Guidance and Assistance

Accessing your superannuation for dental treatments is an important decision. It can be a game-changer in overcoming financial barriers to proper oral healthcare.

We urge you to seek professional advice from both a superannuation dentist and a financial planner to ensure you make informed choices tailored to your unique situation.

Our team is ready to provide the necessary guidance and assistance throughout the process, ensuring that you receive the care you need while maintaining a focus on your financial wellbeing. Remember, your oral health is essential, and The Good Dentist is here to support you every step of the way.