FOR EARLY RELEASED SUPERANNUATION
About Us
RELEASE MY SUPER & GoESCROW
Release My Super specialises in the coordination of early access to superannuation while GoEscrow assists with payments assurance, disbursement and regularity compliance.
Benefits
SAFE, SECURE, REGULATED
GoEscrow operates under strict government regulations for banking and payments ensuring the released superannuation can only be used for its intended purpose. Clients may plan their health journey confidently and with financial peace of mind.
Accessing Superannuation
Early access to superannuation for drug and alcohol rehabilitation and mental health treatment under the ATO’s Compassionate Release Of Super Program is an excellent funding mechanism for clients. But it has some challenges.
Of all the challenges, foremost is the regulatory requirement for the superannuation industry to remit payment directly to a BSB/Acc in the clients name.
This rule places great temptation on the client when the large sum tops up their bank balance clouding decision making processes.
GoEscrow by creating a new special type of bank account in the clients name, with a pre- defined set of usage rules, strictly linking the way the monies can be distributed. Typically limiting payment only to you.
The journey clients embark on has been made smooth and seamless by Release My Super and GoEscrow.
- 1. Clients discuss their funding needs with Release My Super
- 2. Release My Super work with the client to apply to the Australian Tax Office for early access to their superannuation
- 3. GoEscrow creates a new bank account for the client with a unique PayID, BSB and Account number. This is required for the payment from the superannuation fund
- 4. The released superannuation is paid directly into their escrow account and then onward to you the service providers at the nominated dates and time. Money can not be used for any other purpose and not returned to the super fund / client unless you agree.
The process is simple.
SERVICE PROVIDER BROCHURE