Every year tens of thousands of Australians have a Total & Permanent Disability claim approved and paid into their superannuation fund. There is often a lot of confusion and misinformation about what happens next - that is why we are here to help. We work closely with personal injury lawyers and their clients to better understand their insurance benefit, their options and help them in making informed decisions.
Have a look at how the tax works on a TPD claim through super on our TPD tax information page here. Tax paid on TPD insurance claims paid through superannuation is complex and paid at different rates for everyone. Receive your complimentary tax calculation and information on your options. Are you a TPD recipient?
Have a look at how the tax works on a TPD claim through super on our TPD tax information page here. Tax paid on TPD insurance claims paid through superannuation is complex and paid at different rates for everyone. Receive your complimentary tax calculation and information on your options. Are you a TPD recipient?
Services
Andrew Reynolds is the Founder of Edwards Financial Solutions and the creator of our TPD Assessment Service. Andrew specializes in insurance and personal injury claims through superannuation, working with people all over the country and usually provides his services over the phone. I grew up in a wonderful family home in Sydney's North and spent my early twenties completing a Bachelor of Applied Finance and travelling.
Our TPD Assessment service helps people who have just had a Total and Permanent Disability (TPD) Claim approved and need to know what happens next. We assist many clients following an insurance claim or personal injury settlement manage their finances going forward. Our aim is to reduce financial stress so you can focus on what is important.
Using our TPD Tax Calculator, you can work out how much tax you will pay on your TPD Claim and Superannuation withdrawal. The TPD process is often long and very confusing - we deal with hundreds of people every year going through a similar process - here are some of the most common questions we are asked.
Tax on TPD claims through super is a little complicated. The tax you pay on a TPD claim through superannuation is different for everyone, tax rates can change, and this tax estimate won't work for a small portion of superannuation funds. Tax paid on TPD insurance claims paid through superannuation is complex and paid at different rates for everyone.
Once your Total and Permanent Disability (TPD) insurance claim is approved, this amount is paid into your superannuation account and added to your existing balance. Due to the fact that you are no longer able to work again, you then have access to your entire superannuation and TPD amount sitting in your superannuation account.
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Titus Barry
Jul 09, 2020
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