'Super for surgery' under review

Patients are funding boob jobs and IVF, Treasury warns

Patients may be banned from using their superannuation to pay for breast enhancements, weight loss surgery and other procedures for non-life-threatening conditions under a federal Treasury proposal to tighten the rules around early access to super.

Money

During the past financial year, some 22,000 patients applied through the government’s Early Release of Superannuation Benefits program to pay for medical care. About 15,000 applications were approved.

Although the program was set up to cover treatment for life-threatening illness, severe disabilities or chronic pain, more than half

Latest

Trending