Superannuation Total & Permanent Disability Insurance

Superannuation Funds in Australia

  • AIA
  • AMP
  • ANZ
  • Australian Super
  • Australian Ethical Super
  • BT Super (Part of the Westpac Group)
  • Care Super
  • CBUS (Construction and Building Unions Superannuation)
  • Club Plus Super
  • Colonial First State Super
  • Comminsure Super
  • Commonwealth Bank
  • EIS Super
  • Energy Super
  • First Super
  • First State Super
  • Hesta Super
  • Hostplus Super
  • Hub24 Super
  • IAG & NRMA Superannuation Plan
  • IOOF Super (Independent Order of Odd Fellows)
  • LUCRF (Labour Union Co-operative Retirement Fund)
  • Industry Super Funds
  • Kinetic Super
  • Legal Super
  • Local Government Super
  • Maritime Super
  • Media Super
  • Mercer Super
  • MLC (Owned by National Australia Bank – NAB)
  • MTAA (Motor Trades Association of Australia Superannuation Fund)
  • Nationwide Super
  • NGS Super
  • Onepath Super
  • Perpetual Super
  • Plum Super
  • Prime Super
  • REI Super
  • Rest Super
  • Russel Super
  • SA Super
  • Statewide Super
  • Sunsuper
  • TAL
  • Telstra Super
  • TWU Super
  • Unisuper
  • Vision Super
  • Westpac Super
  • Qantas Super
  • QSuper Insurers
  • Onepath
  • TAL Life Ltd Pty
  • Nulis Nominees
  • Metlife

Superannuation Total & Permanent Disability Insurance

Superannuation Funds in Australia

  • AIA
  • AMP
  • ANZ
  • Australian Super
  • Australian Ethical Super
  • BT Super (Part of the Westpac Group)
  • Care Super
  • CBUS (Construction and Building Unions Superannuation)
  • Club Plus Super
  • Colonial First State Super
  • Comminsure Super
  • Commonwealth Bank
  • EIS Super
  • Energy Super
  • First Super
  • First State Super
  • Hesta Super
  • Hostplus Super
  • Hub24 Super
  • IAG & NRMA Superannuation Plan
  • IOOF Super (Independent Order of Odd Fellows)
  • LUCRF (Labour Union Co-operative Retirement Fund)
  • Industry Super Funds
  • Kinetic Super
  • Legal Super
  • Local Government Super
  • Maritime Super
  • Media Super
  • Mercer Super
  • MLC (Owned by National Australia Bank – NAB)
  • MTAA (Motor Trades Association of Australia Superannuation Fund)
  • Nationwide Super
  • NGS Super
  • Onepath Super
  • Perpetual Super
  • Plum Super
  • Prime Super
  • REI Super
  • Rest Super
  • Russel Super
  • SA Super
  • Statewide Super
  • Sunsuper
  • TAL
  • Telstra Super
  • TWU Super
  • Unisuper
  • Vision Super
  • Westpac Super
  • Qantas Super
  • QSuper Insurers
  • Onepath
  • TAL Life Ltd Pty
  • Nulis Nominees
  • Metlife

We are Australia’s Superannuation Total & Permanent Disability (TPD) Claims Experts

The general definition for total and permanent disability cover is the following:

“A member ceases to be gainfully employed due to injury or illness for a period of 3 or 6 months and after satisfying the fund that the member is unable to return to their usual occupation or any employment for which they are educated, trained or experienced.”

Each insurer has their own definition for total and permanent disability (TPD) and within that will define certain words further restricting and tightening the definition. Policies will also set out various definitions of TPD which apply to its members depending on your type of cover.      

Lost Super Fund Search

There is over 4 billion dollars of unclaimed super in Australia. Much of this money is sitting in holding accounts managed by the government. How does this affect your TPD? If your superfund account was active at the time you stopped work you could still be covered even if the account is closed. We can make enquiries with the ATO to discover all the superannuation funds you have been a member of.

Our clients often have more than one superfund which owes them money. Your superfunds won’t tell you to make a Total and Permanent Disability (TPD) claim and many Australians have no idea Total and Permanent Disability insurance even exists, so if you have stopped work due to an injury or illness, contact us to start your superannuation TPD claim.

Preservation Age and gaining access to your Super

Once you have reached your preservation age and you have permanently retired, your superfund will release your account balance. The preservation age varies with funds. It can range from 55 to 65 years old. If you have reached your preservation age, your TPD benefit and account balance will not be taxed when released to you.

If you are under your preservation age when claiming your total and permanent disability benefit a certain lump sum portion will be taxed and portion will be tax-free. The amount you will be taxed can only be calculated by the superfund at the end of a claim.

It’s important to remember that a Total and Permanent Disability (TPD) benefit is a separate insurance claim which sits separate to your account balance. On approval of your claim, you will have access to your account balance as well as your TPD Insured benefit which is a lump sum amount.

Can I Make Multiple TPD Claims?

Unlike other jurisdictions, it is possible to make a TPD claim with multiple superannuation funds with which you have active accounts. Every superfund has a their own unique requirements to satisfy paying out a TPD claim. The dates of insurance commencing, the date of your last day worked, whether or not you had previous injuries or illnesses all come into consideration when preparing a TPD claim.

Permanent Incapacity Claim vs TPD Claim

Some people do not hold TPD cover within their super policy. You can still gain access to your account balance by way of a permanent incapacity claim. Special medical reports are still required. Superannuation funds will still assess these claims seriously as these are financial funds they use for investment opportunities.

I Only Have $20,000 in TPD Insurance. Is It Still Worth Claiming?

Contact us to find out how you can claim smaller amounts of TPD. Depending on your type of injury and whether you have a workers compensation claim, third party car accident claim, occupiers liability claim or medical negligence claim with us, we’ll be able to assess your situation and give you guidance.

Psychological injuries resulting in TPD claims

Psychological injuries are best diagnosed by a psychiatrist. Usually your GP and a psychologist will assess you prior to being referred to a psychiatrist. They will also have a clinical history noting your depression and anxiety and other mental disorders. If your GP doesn’t doesn’t raise the issue, it’s best to raise it with your GP yourself. In Australia, a Mental Health Care Plan allows you to have 10 free visits to a psychologist. Your GP provides a referral for this.

It’s very important to have the right medical evidence to support your TPD claim. PK Simpson also has access to specialist doctors who can add further support to the medical evidence already compiled.

Psychological Disorders where we have had successful TPD claims include:

  • Major Depression / Severe Depression
  • Anxiety
  • Post Traumatic Stress Syndrome (PTSD)
  • Paranoia
  • Schizophrenia
  • Bi-Polar
  • Mood Disorders
  • Personality Disorders
  • Substance Abuse Disorders (Alcohol Addiction, Drug Addiction)
  • Panic Disorders (Panic attacks)

Often, these disorders come in combinations. Many people who have suffered injuries in traumatic accidents or life debilitating injuries will then manifest various types of mental disorders. A good TPD lawyer will be able to identify the signs and symptoms of mental disorders and recommend you attend a specialist to have the condition diagnosed and documented so that the evidence can support your TPD claim.

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