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reduceme

Anyone used super to pay for breast reduction and or tummy tuck

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Seriously!! Most ridiculous idea I have ever heard. If you can't save the money or afford to pay a loan unfortunately your just going to have to penny pinch until you can.

Super is important, you WILL need it come retirement to live. It would be irresponsible to use it for cosmetics reasons.

Personally I just put away the spare cash I had after paying fr everything I needed. Saved enough within 2 years.

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Maybe a little harsh wantbbs :)

But definitely relevant. Super is very important. Its all you may have when your older and so you may have to rely on it entirely.

If money is an issue (like it is for me) draw up a budget and work out how much you can save by when. If it means pushing your surgery back then that may have to happen.

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I dont think you can get your super out, especially for what would be deemed cosmetic surgery.

I did have a girlfriend go through financial hardship and I did help her do a letter to her super company and ask for some funds released. This was to help her avoid bankruptcy. They even refused that, even though it did state to avoid financial hardship you could apply to have super released. So I am not liking your chances of getting any money from super.

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There is a company that specialise in cosmetic loans, was looking into it back when I was 18 (haha finally got the guts 9 yrs too late :p ) I think they are called mac credit? Not sure maybe google them if you can't see up yourself saving. Personally I would not be touching my super for that but good luck! :)

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By law you will not be able to use your super for cosmetic surgery. I know it may seem like a good idea, but like the others have said, the best thing to do would be to sort out a budget and prepare yourself financially for this if it is something you really want. Super is a very precious thing and the laws governing help to protect it so that you can use it when you retire, not to help through times of financial hardship such as this. It is very rare that you will be allowed to withdraw from your super before you retire.

Mac Credit is the cosmetic surgery loan specialist. I have done some research regarding financing on cosmetic surgery and I think the best options are:

1. Save until you have enough

2. Find the lowest interest rate form of finance - whether it be through a credit card, a normal bank loan, cosmetic loan etc

I hope that it all works out for you and you dont have to wait too long to come up with the $$ to have your procedure/s

:-)

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Sorry didn't mean to be harsh :/ just hope people realise how important super is to us now. In 30 or 40 years there won't be pensions like today and we will need to have that money saved aside.

Well honestly I don't what to be paying more taxes to pay for people to live who haven't been responsible.

That is harsh I know but we work hard for our money. Sorry

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Hi,

I'm not sure why people are deeming breast reduction and tummy tuck as cosmetic surgery? If you are anything like I was before my breast reduction as tt you're probably in a lot of pain. I had severe muscle separation and breasts that were much too big for my frame. It was causing me severe back pain. There is nothing cosmetic about that and I think it's disgusting that people who have had implants can even comment the way they have above.

Yes you can have your super released for these MEDICALLY NECESSARY surgeries. I looked into it but it is a huge process requiring doctors letters and assessments etc. I just found it easier to get a loan through Mac Credit.

And can I just point out that super isn't guaranteed money for retirement. My husband and I made extra super contributions for years into our accounts and in the last financial crisis lost it all. So you may as well take it now cause there is no guarantee it will be there down the track or that you'll even be around to need it

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Yes - I have accessed my super for for a procedure that could have been deemed cosmetic. It was for bone grafting surgery for titanium dental implants - however I ended these as a result of a genetic condition. It also cost a lot more than a breast/tt procedure. It's a very long drawn out process that takes months of letters and appts and chasing up - then its considered income so you have to pay tax on it. if financially I could have afforded to do it with a loan I would have.

I agree with the others. Start saving - set aside a certain amount of money each week and watch it grow. Alternatively check out getting a loan.

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Hi,

I'm not sure why people are deeming breast reduction and tummy tuck as cosmetic surgery? If you are anything like I was before my breast reduction as tt you're probably in a lot of pain. I had severe muscle separation and breasts that were much too big for my frame. It was causing me severe back pain. There is nothing cosmetic about that and I think it's disgusting that people who have had implants can even comment the way they have above.

Yes you can have your super released for these MEDICALLY NECESSARY surgeries. I looked into it but it is a huge process requiring doctors letters and assessments etc. I just found it easier to get a loan through Mac Credit.

And can I just point out that super isn't guaranteed money for retirement. My husband and I made extra super contributions for years into our accounts and in the last financial crisis lost it all. So you may as well take it now cause there is no guarantee it will be there down the track or that you'll even be around to need it

So if its not cosmetic, wouldn't it be covered under private or Medicare?

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So if its not cosmetic, wouldn't it be covered under private or Medicare?

Good point Sezzy!

And I must say MrsCross, having had a BA, I can freely say that I do believe it is a cosmetic procedure for myself!! I agree that in some unfortunate circumstances there are medical reasons why a BL etc would be deemed not a "cosmetic procedure"...but important to remember that most of the time it is cosmetic.

How did you lose a lot of super by the way? Did you have it invested? I agree with the other women that its a very important part of the way you live when you retire so I think the comment along the lines of "why not use it now" is an extremely wreckless and immature idea.

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Hi,

I'm not sure why people are deeming breast reduction and tummy tuck as cosmetic surgery? If you are anything like I was before my breast reduction as tt you're probably in a lot of pain. I had severe muscle separation and breasts that were much too big for my frame. It was causing me severe back pain. There is nothing cosmetic about that and I think it's disgusting that people who have had implants can even comment the way they have above.

Yes you can have your super released for these MEDICALLY NECESSARY surgeries. I looked into it but it is a huge process requiring doctors letters and assessments etc. I just found it easier to get a loan through Mac Credit.

And can I just point out that super isn't guaranteed money for retirement. My husband and I made extra super contributions for years into our accounts and in the last financial crisis lost it all. So you may as well take it now cause there is no guarantee it will be there down the track or that you'll even be around to need it

MrsCross, I think that is some really reckless advice you're dishing out there.

Firstly, it is everyone's own individual responsibility to keep an eye on their super funds. That's what statements are for. If your super fund manager was investing it badly (or even if they were investing it properly but were just unfortunate during the GFC), you would have been able to see your super dwindling away. I would think that having made extra contributions you would in fact be watching what was happening with your money. So I'm sorry that you lost your money however that is not necessarily going to happen to everyone else.

Secondly, your "you may as well take it now" comment struck a severe nerve with me.

How 'bout no, just learn to budget like everyone else?

Because if everyone took your advice then my children and grandchildren will be the ones paying extra tax to cover a pension for people who should have enough super to live off by then (or even partially).

Why should some people get to blow their super and then expect others to pay for their pension while most people are quite capable of budgeting and saving their super?

It's totally unfair. Not only do you get your super, you also get a pension while the rest of us scrimp and save during our working years and only have our super to fall back on.

I was about to say "I'm sorry, but that's how I feel" but I don't think I should have to apologise for looking out for my future family.

It's infuriating.

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Wow haven't I opened a Pandora's box! Firstly I will have plenty of super- approximately 1.5 million so I won't be , nor have I ever accessed any money from centre link. Those with self righteousness please get back to doing what this forum is for, support. I am an educated person that also happens to work in Super so I know what it entails more than most here . I was simply asking a question as to whether it was something people have done. Keep your financial opinions to yourselves please. An Sukii, whilst I am working my backside paying for everyone else's Centelink, I understand whilst you would be frustrated. But you don't know my situation so mind your own business. I have been working full time with the exception of the 2x 6 months that I took off after having my babies , do I have more than paid my dues and I am only 37. Rant over!

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While some procedures may be authorized to be covered by medicare, medicare will only pay 75% (?) of the scheduled fee, health cover if you have it pays 25% of the schedules fee.

Medicare care schedules fee may only be $5000, where as the surgeon fees etc may total anywhere up to $10,000 or more, so likely to still out of pocket for a significant portion of the fees.

I had upper eyelids done under medicare at the local eye hospital. Reasonably good job given dr wasn't a cosmetic or plastic surgeon. Fortunately I wasn't out of pocket for any expenses, was only charged the scheduled fee, and my no excess health cover paid what medicare didn't

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Well hahaha this got a bit out of hand :/ Sorry if any of my comments and opinions have offended anyone

Back to the questions reduceme asked - you wouldn't be able to access the money for a medical procedure unless It's due to being terminally ill (compassionate grounds release) but once reached preservation age why not if you have enough put away and have made the extra contributions etc ultimately it's your money and can do as yo please once it's released

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MrsCross, I think that is some really reckless advice you're dishing out there.

Firstly, it is everyone's own individual responsibility to keep an eye on their super funds. That's what statements are for. If your super fund manager was investing it badly (or even if they were investing it properly but were just unfortunate during the GFC), you would have been able to see your super dwindling away. I would think that having made extra contributions you would in fact be watching what was happening with your money. So I'm sorry that you lost your money however that is not necessarily going to happen to everyone else.

Secondly, your "you may as well take it now" comment struck a severe nerve with me.

How 'bout no, just learn to budget like everyone else?

Because if everyone took your advice then my children and grandchildren will be the ones paying extra tax to cover a pension for people who should have enough super to live off by then (or even partially).

Why should some people get to blow their super and then expect others to pay for their pension while most people are quite capable of budgeting and saving their super?

It's totally unfair. Not only do you get your super, you also get a pension while the rest of us scrimp and save during our working years and only have our super to fall back on.

I was about to say "I'm sorry, but that's how I feel" but I don't think I should have to apologise for looking out for my future family.

It's infuriating.

Some people should be allowed to blow their super if they are living in severe pain. Full stop. You don't know this ladies story or why she wants to access it.

Tt and breast reduction is NOT for cosmetic reason with a lot of woman. It's to fix pain. If you haven't had these procedures for medical reasons you can't comment.

And obviously we didn't sit around and watch our money dwindle away. We lost all our personal contributions and 15% in the gfc

In regards to what you said above, doesn't everyone get a pension once they turn 65? So what's the difference if people needing medical procedures access their super now rather then getting it when they turn 60. It's their money, why do you care if they spend it now and use the next 30+ years to build it up?

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Just to clarify, I know you can access your super if the medical condition is causing you physical or mental pain and the procedure is not readily available in the public health system. E.g. long wait. You can seek the full amount or over and above what your PHI covers it is a condition under compassionate release under the SISA Act . You just need your specialist and gp to sign off on it. I was wondering really if people do it often. My main point on my last post was not to judge each other. I just wondered how often it is used. And BR is a medical condition that causes me pain, I have fortnightly massages to help relieve my pain, so ultimately I can treat it that way long term or do something about it. Good luck to all if you on what decisions you make with your body- they are yours to choose and not anyone else's.

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I never made a comment about it being for a cosmetic procedure.

I'm sorry if you felt I was judging you about wanting to use it for a TT or BR (or both) because that's not what I meant.

My post had absolutely nothing to do with the procedure but everything to do with the "might as well" comment. It made me angry.

Not everyone gets a pension. Only those who don't have enough super or other form of income to live off.

I personally know someone who had a "It's my money, I might as well use it whenever I want" attitude and lied and forged documents to get his super realeased early. He used it for a holiday, a new car and other luxuries (I still don't know how he managed to make it happen). Come retirement age he had spent every cent and had to go on Centrelink payments.

That's one less person we would all be using our tax payer dollars to support if he hadn't been so selfish.

So if you really need to use your super because you are in pain and suffering in any way then by all means, use it.

My issue was with the point that some people just see it as free money and not as their future - which affects us all.

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I never made a comment about it being for a cosmetic procedure.

I'm sorry if you felt I was judging you about wanting to use it for a TT or BR (or both) because that's not what I meant.

My post had absolutely nothing to do with the procedure but everything to do with the "might as well" comment. It made me angry.

Not everyone gets a pension. Only those who don't have enough super or other form of income to live off.

I personally know someone who had a "It's my money, I might as well use it whenever I want" attitude and lied and forged documents to get his super realeased early. He used it for a holiday, a new car and other luxuries (I still don't know how he managed to make it happen). Come retirement age he had spent every cent and had to go on Centrelink payments.

That's one less person we would all be using our tax payer dollars to support if he hadn't been so selfish.

So if you really need to use your super because you are in pain and suffering in any way then by all means, use it.

My issue was with the point that some people just see it as free money and not as their future - which affects us all.

Obviously in that case I 100% agree with you.

But in my opinion the "may as well use it" refers to using your super to diminish pain rather then living with it the rest of your life.

Not everyone is in the position to budget and save and be able to out themselves first these days. Especially with kids, mortgages and the forever increasing cost of living. For some people drawing on their super is the only option they have. And to be honest the amount of paperwork that needs to be done it would only be people that really need it and have sound medical reasons that could do it. If that's the case they should definitely be able to do it.

No idea how the guy you know got his released early, must have done a lot of fraudulent paperwork there

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And to get slightly off topic here, the amount of oldies with no super that tax payers support must be a tiny percentage to the amount of unemployed bums that think they can get a free ride their whole life. Thankfully the government has woken up to family tax and finished that when the youngest child starts school. There is no reason that a mum can't work with all kids at school. Now the government needs to wake up to the thousands of unemployed who couldn't care less and don't want to work. That's who our children and grandchildren will be supporting

(That is a topic that really pisses me off)

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Just a thought regarding super, you should be able to access any unpreserved component if there is still any in your account. 9 years ago I was able to access mine, it was used as a deposit for my home. Recouped it over the years with up to 25% contributions – employer and what I salary package. I am fortunate that my employer contributes 17%.

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wow intense thread ladies....super stresses me out and im terrible with the whole concept of it, i think i have 4 super funds? but id like to know how to have over 1.5mil in it?? oh imgaine that

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