TPD Claims advice
Financial advice on Total & Permanent Disability (TPD) Insurance Claims approved through superannuation
We’ll help you to make an informed choice and minimise tax.
So you’ve had a TPD claim approved
Find out what to do next…it’s as easy as 1, 2, 3!
Your TPD Claim has been approved.
STOP! Before you do anything or make a withdrawal, make sure you understand your options.
Click on the “Get in Touch” button and we’ll email you some key things you need to know before making a decision.
Every year tens of thousands of Australians have a Total & Permanent Disability claim approved and paid into their superannuation fund.
There is often a lot of confusion and misinformation about what happens next – that is why we are here to help. We work closely with personal injury lawyers and their clients to better understand their insurance benefit, their options and help them in making informed decisions.
We can help you to understand and potentially minimise your tax. Find out more about how your TPD may be taxed.
Total and Permanent Disability Insurance Claims Through Superannuation
Your TPD claim has been approved! What happens next?
Once your Total and Permanent Disability (TPD) insurance claim is approved, this amount is paid into your superannuation account and added to your existing balance. Due to the fact that you are no longer able to work again, you then have access to your entire superannuation and TPD amount sitting in your superannuation account.
You then have the following options:
Leave funds in Superannuation
Withdraw a portion or entire super balance
Commence a superannuation income stream
If you are under preservation age (which is between age 55 and 60 depending on your date of birth) then you will pay tax when you withdraw your superannuation. This tax rate is different for everyone.
You can make withdrawal any time in the future.