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Tax
If you’re below preservation age you may need to pay tax on any money you get from your super.
Read more on the Australian Taxation Office website about:
You may need to pay your super fund a fee to have your super released early.
Centrelink and child support payments
You need to tell us if you access your super early. You can tell us by calling us on your regular payment line.
An early release of super may reduce your Centrelink payments. This includes all of the following:
Early release may also impact the amount of child support you receive or pay.
Talk to someone
Our Financial Information Service offers tools, resources and information that can help you make more informed financial decisions.
If you’re having problems with finances or struggling to repay debts you can get help. The National Debt Helpline provides a free, confidential and independent financial counselling service.
You can also find a financial counsellor on the National Debt Helpline website.