If you meet the government’s strict criteria, you may be able to access some of your super in times of financial hardship or on compassionate grounds.
You can apply to ElectricSuper for early release of your super if you are in severe financial hardship.
You can apply for one payment of up to $10,000 gross (before tax) in a 12-month period, provided that you:
- have been receiving a Commonwealth income support payment, continuously, for at last the last 26 weeks, and
- satisfy the ElectricSuper Trustee that you are not able to meet reasonable and immediate family living expenses.
If you have reached your preservation age plus 39 weeks, you can apply for early release if you:
- have been receiving a Commonwealth income support payment for a cumulative period of 39 weeks since you reached preservation age, and
- are unemployed or employed for less than 10 hours per week at the time of your application.
We will need a letter from Centrelink (dated not more than 21 days from the date of your application) confirming that you have been receiving a payment for the necessary number of weeks, along with a completed application form giving us some other details about your situation, and documentary evidence to support your application.