When you hit hard financial times you might be tempted to access your super fund early to help relieve the pressure.
There are certain circumstances under which you can access your Super Fund early. If you are struggling with medical expenses or face losing your house, you might be able to access your Super.
Some Super Funds will even release a percentage of your super early if you are in severe financial hardship.
But is your current financial situation worth sacrificing a chunk of your retirement plan?
If you use your Super to get out of financial hardship now, you might leave yourself short and end up facing financial hardship again at a time when you can’t afford to get out of it.
There are a number of options available to you right now to help you pay off your debt so you don’t have to dip into your retirement plan.