If you stop working for any medical reason, you may be entitled to a disability claim through your superannuation fund. Many but not all employment super funds include disability benefits. This includes total and permanent disability (TPD) lump sum payments and total and temporary (TTD) monthly payments.
You may be able to lodge a superannuation claim as soon as you stop work, meaning you could:
- Claim super insurance benefits when you are not working but are yet to retire
- Claim your super as a lump sum or in installments once you have retired
Total and Permanent Disability Claims (TPD)
You may be eligible for a TPD lump sum payment if you can demonstrate that you’re unable to do your regular job or any other work related to your training and experience.
This means you don’t have to prove you’re unfit for all work, just what fits your skills and experience. For example a back injury which prevents you from working as a chef, even if you’re still fit for office work.
Total and Temporary Disability Claims (TTD)
You may be eligible for TDD monthly payments if you’re unable to do your regular job for a while, whether it be three months or two years. Generally these payments can be up to 75 per cent of your normal income and is payable for two years up to the age of 65. There is a waiting period of 30 to 90 days.
In some cases, TTF payments may be offset against workers compensation, motor vehicle compensation or Centrelink payments. These payments can sometimes stop if your employment is terminated or if you receive a TPD lump sum, but not always.
Making a Claim
You may be entitled to a disability claim or other types of benefits through your superfund. In the event of an accident or illness which prevents you from working, you may also be able to make another claim through income protection or another form of insurance.
Employers sometimes provide insurance for staff or it may be a condition of an enterprise bargaining agreement, contract of employment or if you purchased life insurance from a financial institution.
Brisbane Lawyers are specialists in disability insurance and superfund claims. We may be able to help you gain early access to your funds when you need it most. We understand the importance of helpful legal representation when dealing with insurance companies.
Get in Touch
We believe every person has the right to have legal representation, which is why we charge no fees until the successful conclusion of your claim. We pay all the outlay costs, including medical and investigation reports until your claim is over. No Win, No Fee.
Time limits may apply. Speak to one of our superfund and disability insurance lawyers today on 1300 MY LAWYER or contact us online.