![]() ![]() budgeting or referrals to other programs.part-payment of electricity, gas or water bills.Remember, if you need help with living expenses, charities can help you with: On average, tax of approximately 22% will be deducted. The tax rate varies depending on your age and other factors. They can’t be used to pay day-to-day living expenses, or cover debts that are not currently due, such as the full balance of a credit card or personal loan (unless you have received a Notice of Demand from your creditor).Īny super you withdraw for this purpose will be taxed and the tax amount will be deducted from the lump sum payment. The funds can be used to pay outstanding bills. ![]() You may be eligible to withdraw some of your super early due to severe financial hardship. Domestic and family violence and financial hardshipĪpplying due to severe financial hardship.Bankruptcy and other formal insolvency options.Apply for early release to pay mortgage arrears.Apply for early release on compassionate grounds.Apply for early release for severe financial hardship.What is financial hardship and what are your rights?.Before signing up to a product rental (consumer lease).Difficulty repaying a product rental (consumer lease).Difficulty repaying Buy Now Pay Later debts. ![]()
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