Balancing Terminal Illness and TPD Claims

Navigating Terminal Illness and TPD Claims in Superannuation

Effectively managing terminal illness and Total and Permanent Disability (TPD) claims within superannuation can be crucial when faced with the need to pursue both. Claimsplus Lawyers offers a detailed guide to help you confidently navigate these concurrent claims.

Distinct Differences and Simultaneous Claims

Differentiating the Criteria

• Terminal Illness Claims: Based on a diagnosis of a life expectancy under 24 months.

• TPD Claims: Centred on the member’s total and permanent inability to work due to disability.

Concurrent Claim Possibilities

It is feasible to initiate both a terminal illness and a TPD claim. However:

• Receiving a payout from one claim may influence the eligibility or benefit amount of the other.

• Understanding the interaction between these claims is essential to maximise benefits.

Considerations for Managing Dual Claims

Prioritising Claims

Depending on the circumstances, prioritising one claim over the other may be beneficial. For example:

• Terminal illness claims may offer faster access to funds.

• TPD claims may provide additional long-term benefits.

Insurance Cover Implications

• Making one claim can affect the remaining insurance benefits within the superannuation policy.

• Understanding the relationship between terminal illness and TPD insurance is critical.

Tax Implications

• The taxation of payouts differs between terminal illness and TPD claims.

• Consulting an expert ensures you fully understand the tax treatment for each claim type.

Guidance from Claimsplus Lawyers

Balancing terminal illness and TPD claims within superannuation can be challenging. Claimsplus Lawyers provides:

• Expert insights into superannuation and disability law.

• Clear guidance tailored to your unique situation.

Our team is dedicated to simplifying the process and helping you make informed decisions that maximise your benefits.

Contact Claimsplus Lawyers Today

For expert guidance on superannuation claims and entitlements, contact us today:

For any inquiries or additional support regarding terminal illness claims in superannuation, contact Claimsplus Lawyers directly. Our experienced team can:

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