The cash is within your grasp, nonetheless, and if you feel that you want the funding to prevent further catastrophe in your private finances, there are steps you may take to withdraw from your fund or borrow towards it. Each of those choices have specific drawbacks, and realizing which is best for you will ultimately profit you moving forward. Understanding When Withdrawals Are Allowed Due to the tax benefits concerned with stashing money in your SMSF, withdrawing the funds early requires some additional paperwork and an understanding that you may be absorbing some stiff penalties within the process. However, should you want the money today, you’ll be able to withdraw funds out of your self managed superannuation by proving that you’re actually enduring a severe financial hardship. Your entire process is ruled by the Australian Prudential Regulation Authority, so you’ll have to exhibit the hardship to their representatives.