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Teresa

Discussion in 'General Investing Discussion' started by teresa.arcuri, 21st Feb, 2008.

  1. teresa.arcuri

    teresa.arcuri New Member

    Joined:
    21st Feb, 2008
    Posts:
    1
    Location:
    Melb
    Just a question regarding Group Salary Continuance. I will be back paid GSC for a five year period, the fund said that I was not eligible for the payments and now after 7 years it has agreed that I was eligible and so i will be paid. I would like to know if I am eligble to claim interest on this money or if I am eliglble to make any other claims.

    The fund stipulated I it's policy that if I owe an outstanding premium it is able to base that amount on the 5 year bond yield plus 3% at the date the premium intitially became due and charge me for that. Am I able to do this for the amount they owe me??.

    I look forward to receiving a reply.

    Teresa
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Teresa,

    Hell why not?
    They owe you a stack of money!

    Speak to a lawyer as you'll want an expert to help you.

    Cheers,

    Dan

    PS This is why to Age 65 is the best benefit period, of course, speak to your FPA registered Financial Planner.
     
  3. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    Yeah sure, go fight them. Get the money they owe you, then spend it on legal fees and end up with nothing! Unless of course you've got enough stacks of spare cash lying around that you don't need, that you can use to finance this, of course.

    Just take what they owe you and walk away.

    Mark