Superannuation Lawyers Gold Coast

 

Need help with your super? At Main Lawyers, we have you covered if you need to make a superannuation claim, access your super early or claim life insurance through your super.

 

We’re based in Coolangatta and service Tweed Heads, the greater Gold Coast region and other areas in Northern NSW as well.

Our superannuation solicitors can help you claim what you’re entitled to

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

Severe financial hardship is a ground of early release of super.

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:

  1. 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.
  2. 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

Compassionate grounds includes the following:

  1. Contributing to your mortgage to stop the bank selling your home.
  2. To pay for medical treatment, or travel to treatment.
  3. To modify your home or car following injury or disability.
  4. Palliative care for you or a dependant.
  5. 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.

Also, keep in mind that withdrawing superannuation for Permanent Incapacity usually affects your tax amount and you may also need to pay extra fees.

Our superannuation solicitors can help you claim what you’re entitled to

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 lawyers 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.

Superannuation and Life Insurance FAQ

How do I know if I have life insurance through my Super Fund?

We can run a search to find out which (if any) super fund you’re with and reach out to them on your behalf. If you know which fund you’re with, you can also contact them directly and find out if you had insurance with them at the date of the incident.

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.

Can I make a TPD, Life Insurance or Superannuation Claim on a no win, no fee basis?

At Main Lawyers, we offer a free initial consultation to assess your prospects of succeeding in your superannuation, life insurance or TPD matter. If we advise you that we consider your proposed claim has reasonable chances of succeeding and is economically viable to proceed, we will agree to take your case 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 claim lawyers today.

Do I really need a lawyer to pursue my IP, Death, Trauma or TPD claim?

The law is complex when it comes to personal injury and insurance matters, especially when you’re going up against insurance and superannuation companies with large budgets.

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.

Can you afford to let an incident take you out?

It won't hurt to find out where you stand, so reach out to us today.

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