Early Access to Superannuation: Last Resort Options for Financial Hardship - The Numbers Game

Welcome to Episode 147 of The Numbers Game. Today, we're shining a light on a topic that's not commonly discussed: accessing superannuation in tough times. We dive into why superannuation is ideally a last resort and explore the scenarios that may warrant early access, including financial distress, medical emergencies, or the need for IVF treatment.

00:00 Introduction
04:16 Early Access to Superannuation (a last resort)
06:00 Compassionate Grounds for Releasing Super Early
09:10 The Ease and Impact of Accessing Super During COVID
10:23 The Long-Term Impact on Retirement Savings
11:18 The Humane Aspect of Accessing Super in Hardship
12:27 Financial Hardship and Superannuation Access
13:00 Variability in Super Access Rules Across Different Funds
14:00 Terminal Illness and Superannuation Access
14:54 Superannuation Access for IVF
17:54 Tax Implications of Early Super Withdrawal
19:49 Navigating ATO and Lender Communications
20:42 Financial Struggle: Exploring Available Options
21:03 The Role of Financial Advisors in Superannuation Management
21:45 Wrapping Up: Insights and Assistance in Superannuation Management

This episode was made possible thanks to our major sponsor Dashboard Insights.

Dashboard Insights transforms business data into real-time, interactive dashboards, providing a visual representation of performance and empowering data-driven decision-making. They focus on efficiently delivering essential information, enhancing business operations, and promoting a high-performance culture. Discover more at https://dashboardinsights.com/

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Hosts:
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Jason Robinson:   / jasonrobinsoncpa1  
Martin Vidakovic:   / martyvids  

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