Superannuation Claim Lawyers Parramatta
It is common knowledge that all employers are required to make contributions towards their employee’s superannuation funds. What some people don’t realise is that there may be several insurance policies and total and permanent disability (TPD) cover that form part of those funds.
If you are faced with the prospect of an incapacity for work which significantly affects your ability to perform all your vocational duties, you may be able to recover a lump sum benefit from your superannuation fund. The nature and value of any such benefit will depend on the type of superannuation fund you are invested in, together with the level of your disability.
The right to claim a lump sum benefit pursuant to your superannuation fund will usually be in addition to all your rights under workers compensation and motor accidents legislation.
You will be able to get a general idea as to your potential entitlements if you review your superannuation statement which is usually issued on an annual basis by your fund manager. This benefit is listed separately alongside the balance of your superannuation interest(s).
Different funds will adopt different criteria to determine what constitutes “total and permanent disability”. Parramatta City Legal has the skills and experience to review your policy, take your instructions and obtain the necessary medical evidence required to substantiate your claim for a TPD payout.
If you have recovered damages and/or compensation under the workers compensation scheme or motor accidents legislation, it is worthwhile reviewing your superannuation statement to determine what further benefits you may be entitled to. It is important to put the superannuation fund on notice at the earliest possible time so that they cannot claim that any delay has caused prejudice in meeting your application.
Contact Parramatta City Legal today for a complimentary and obligation-free consultation to investigate your rights and entitlements under your superannuation fund.