Superannuation Claims Lawyer Gold Coast
Need help with your superannuation claim?
At Main Lawyers, we have you covered if you need to make a superannuation claim, access your super early or to claim life insurance through your super.
Our superannuation solicitors can help you claim your super early and with success.
Reach out to us even if your super claim has been rejected.
Superannuation Claims & Early Access to Super
In most cases, you won’t be able to access your superannuation until you reach your preservation age. Depending on your date of birth, this age can range between 55 and 70.
If you’re looking for a way to access your super early, there are a number of conditions that need to be met, including:
Early Superannuation Access & Financial Hardship
You may be given early access to a portion of your balance to meet immediate reasonable expenses. Early access is subject to certain conditions and can only be offered in one payment of no more than $10,000 (including tax) in any 12 month period.
In general terms, here are the rules:
- You have been receiving Commonwealth Government income support, for example, unemployment benefits, for at least 26 weeks, continuously, and the trustee of your super fund is satisfied that you can’t meet immediate reasonable family expenses.
- Or, if you’ve reached your preservation age (from age 55 to 65, depending on your date of birth), you may be able to receive your entire super amount if you’ve been in receipt of government income support for at least 39 weeks.
If you need to make an application for Severe Financial Hardship you can contact your super fund directly and request the forms you’ll need to fill.
Keep in mind that withdrawing superannuation for Severe Financial Hardship usually affects your tax amount and you may also need to pay extra fees.
Early Super Access on Compassionate Grounds
- Contributing to your mortgage to stop the bank selling your home.
- To pay for medical treatment, or travel to treatment.
- To modify your home or car following injury or disability.
- Palliative care for you or a dependant.
- Funeral costs for a dependant.
The application usually goes through to the Department of Human Services.
Keep in mind that withdrawing superannuation for compassionate grounds usually affects your tax amount and you may also need to pay extra fees.
Making a TPD & Superannuation Claim
If you make an application for a TPD benefit, and it’s approved, you can then apply separately to withdraw some (or all) of your account balance in your super fund on the grounds of Permanent Incapacity.
Things can get a bit tricky as each super fund arranges life insurance differently and they offer different policies as well. You may still be able to make a successful claim even if your first attempt was rejected.
To get the compensation you deserve, it’s always best to seek expert legal and financial advice. Our TPD lawyers Gold Coast can help you make a claim from your superannuation.
Also, keep in mind that withdrawing superannuation for Permanent Incapacity usually affects your tax amount and you may also need to pay extra fees.
Claim Superannuation with the help from our Superannuation Claims Lawyer Gold Coast
Reach out to us even if your super claim has been rejected.
Self-Managed Super Funds & Life Insurance
There are some great advantages to running a Self-Managed Superannuation Fund (SMSF) including the flexibility it offers over your investments. When setting up an SMSF, one of the things you’ll need to consider is whether you’ll be holding insurance through the fund.
Super funds can hold many different types of insurance including:
- Life Insurance
- Total and Permanent Disablement (TPD) Insurance
- Income Protection Insurance
- Trauma Insurance
Our expert superannuation insurance lawyers can explain the issues you’ll need to consider when holding insurance through your SMSF and how to set it all up correctly. Some considerations include the deductibility of premiums as well as considerations for Estate planning.
Do you have a life insurance or superannuation claim?
Our expert superannuation claims lawyer Gold Coast can help you claim what you’re entitled to. We have a high success rate even on claims that may have been rejected. If you think you have a valid superannuation or life insurance claim, book in a free initial consultation with our team today!
You can visit our office in Coolangatta or have our Principal lawyer come to you anywhere in the Gold Coast, Tweed Heads or most areas in Northern NSW.
Disclaimer: This information is designed for general information in relation to Queensland and/or New South Wales compensation law and is current at time of publication. It does not constitute legal advice and should not be used as such. We strongly recommend you seek legal advice in regards to your specific situation. For expert advice call 1800 314 761 for a free discussion of your matter with one of our experienced lawyers.
Superannuation and Life Insurance FAQ
How do I know if I have life insurance through my Super Fund?
We can also help you identify how many potential claims you may have and assess your prospects for succeeding in these claims once we know your level of cover.Male hand putting a coin into piggy bank
Can I make a TPD, Life Insurance or Superannuation Claim on a no win, no fee basis?
You only pay our fees if we help you win or achieve a successful outcome.
How long will a TPD, IP, Death or Trauma claim take?
We’ve written an in-depth article explaining time frames here.
If you’d like an estimate specific to your situation, book a free consultation with our expert superannuation, life insurance and TPD lawyers Gold Coast today.
Do I really need a lawyer to pursue my IP, Death, Trauma or TPD claim?
As expert life insurance & TPD claim lawyers, we handle (and win) cases against large companies frequently and we’re confident we can do the same for you.
If your claim has already been denied, we may still be able to help as we have so many others. Seeking professional legal advice early can make all the difference when it comes to getting your life back on track.
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