I am an Australian that moved to the UK in 2013 to settle with my family. I currently have a super in Australia that is worth $168kAUD. I was a victim of fraud in Sept 2015, having lost £225k ($442kAUD). I am not eligible for any of the "early access" requirements from my super for financial hardship or through the ATO for compassionate grounds. My family have been living with my mother-in-law for over 6 years now at her home with my wife being a full time carer to her mother who has severe Alzheimer's/dementia. I have struggled financially due to the loss but have lately now have unsecured personal loans of a total around £39.9k ($78.3kAUD) if I paid for the duration of the terms. I have 4 longer term loans (1 to 4 yrs) and 4 more shorter term loans. I would like to take part of my superannuation to pay off some loans, so my family can at least be free of the extreme financial hardship we are currently experiencing. Is this at all possible?
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Im really sorry your going through this right now and wish you all the best for the future.
Unfortantely I do not believe you would be able to access your super early as per the information here: When you can access your super early it seems like you have to be receiving an Australian Gov support payment to meet the eligibility criteria
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Im really sorry your going through this right now and wish you all the best for the future.
Unfortantely I do not believe you would be able to access your super early as per the information here: When you can access your super early it seems like you have to be receiving an Australian Gov support payment to meet the eligibility criteria
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