Many of our patients access super to fund weight loss surgery
Given the health problems and reduced life expectancy associated with obesity, you may be able to access your superannuation to fund the costs of weight loss surgery. We can help to guide you through this process, regardless of your age and whether you have health insurance. At our clinic, post-surgery dietetic care and supplements are included in your quote for accessing super.
Eligibility to Access Superannuation
If:
- You are undergoing laparoscopic sleeve gastrectomy or laparoscopic gastric bypass surgery, and
- You have inadequate means of funding the surgery
you may apply to the ATO to access your superannuation on compassionate grounds. The amount of super you can withdraw is limited to what you reasonably need.
Process to Access Superannuation
We will provide you with a Sea Change Checklist clearly setting out all the steps that you need to take in the process, with our experienced team here to answer any questions along the way.
Once you have a date for surgery:
- We will prepare for you an ATO ‘Compassionate release of superannuation’ form and supporting documentation confirming your suitability for weight loss surgery, all signed by your surgeon.
- You will need to contact your superannuation fund to check that:
- Your fund will release your money on compassionate grounds
- Your personal details are the same with your fund and match the ATO records
- You have a sufficient balance to cover the treatment, including any tax obligations.
The whole process, including the usual time taken for your super fund to release the funds to you, is typically 2-6 weeks in total.
You can also see the general surgery process here.
Begin Your Weight Loss Journey
To request an initial consultation, please complete the form below and our team will be in touch with you promptly.
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