Accessing super when you have a high income?

I am going to apply for my DH's super funds I only have 12400.00 in mine as I was out of the work force for many years raising my children... and although I am on a low income now my DH on the other hand is not. We too have huge outgoings and live from pay to pay. I am very worried I will get knoocked back ....

If someone doesn't mind can you please tell about a spreadsheet (whats needed /included ) please.

I have all the paper work for application to centrlink for ERSF. and I have a copy of the template for GP letter. Birth cert/passport/marriage cert.

Is there anything I am missing?

cheers

ps sorry for hickjacking your post. I am new to this and still learning the ropes.

Awesome information! Thank you!

I have now started a spreadsheet to add to my application.

H

Hi Coco80,
When I went through APRA for my super, I gave a very detailed budget and I wrote a letter explaining / clarifying our expenditure. My application got held up a couple of times but not with regard to my budget, it was more to do with quotes from the surgical team and the wording of my support letters. It really pays to be comprehensive with your application.

Thanks, that's all great information to have. I also spoke to the DHA today and the guy I spoke to was very helpful who confirmed that it was what was left after all your expenses that they consider rather than your salary, so your net income, rather than gross). He told me to add a really detailed list of all my expenses and include absolutely everything to avoid having to go back to the bottom of the list in the case it's rejected.

Thanks so much for the input, it has definitely eased my mind a little!

Hi

I also have a higher than average income and massive overheads - I was very detailed in my application - making sure I took into account everything and mine went through without any problems. I think it does depend on what the Doctors say and from advice on this forum I made sure my surgeon and GP were on the same page. Good luck

G

Thank you, that's really useful advice. I can't believe they think you would be eligible for a loan with $100 leftover each week! Crazy.

I am currently trying to access my super. It really doesn't matter your income if u do not have sufficient funds after all expenses. They also think you could sell any luxury items you have and they queried when I had $100 left over each week why I couldn't get a loan! I had not listed house maintenance, school excursions, birthday presents, Christmas etc.

I submitted more paperwork and need to wait another 10 working days to see if successful. I would say list ALL expenses showing if u clearly cannot afford it. Check and double check you have provided everything from their list. Make sure your Id is not just a birth cert and license if your married. They have different surnames.

Good luck!

Hi Coco

I've heard that it isn't means tested from someone at Canberra Bariatric. But they do look at the money you have left over each month. I'm in the same boat. I'll be starting the ball rolling on this in the next month.

I'm interested in hearing about this too.

Hi everyone,

I'm on the track to sleeve surgery, and am now trying to figure out how to fund it. I earn an above average salary, but have huge outgoing expenses. Along with my own crippling mortgage and credit cards, I am helping my parents pay off their mortgage after my dad was made redundant last year. Although on paper I look like I earn a lot, there's very little left at the end of each month. I would really like to access my super to pay for the surgery, otherwise I'm looking at 12 months of saving to pull the money together. I would love to know if anyone has had any luck being approved when they had an above average salary? I'd prefer to have some heads up rather than having a potential date for surgery and not being able to proceed because my application gets rejected. Thanks so much for any input!