Q: I am aged 40 and intending to finish work and care for my elderly dad. Can I withdraw my super, and can I work a few hours?
We wish you all the best with looking after your father. The rules for accessing super benefits before retirement are strict, although there are some circumstances where early access is permitted.
Apart from permanent disability or permanent incapacity, the typical scenarios for early super access are linked to financial hardship (a special definition in the super laws) or compassionate grounds (again a special definition).
The severe financial hardship rules require you to be on a social security benefit (you apply via your super fund). I assume you will be on a carers allowance. For more information on severe financial hardship rules see SuperGuide article Can I access my super early due to financial hardship?
The ‘compassionate grounds’ rules however generally relate to medical need (including a dependant’s medical need) or mortgage stress. For more information on the rules relating to compassionate grounds see SuperGuide article Accessing super early on ‘compassionate grounds’.
For information on other ways to access super benefits see SuperGuide article Accessing super early: 14 legal ways to withdraw your super benefits.