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TPD claim through Superfund

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Romy, 27th Jul, 2018.

  1. Romy

    Romy New Member

    Joined:
    27th Jul, 2018
    Posts:
    1
    Location:
    Qld
    My TPD claim through my super is going on; not yet decided. I am not working; my wife who works and has a business as well wants to transfer part of her earnings through business on my name under family trust (before tax-effectively I will have to pay tax: which in a way she will pay)
    Just curious; can it affect my TPD payout figure.
     
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  2. Andrew Newman

    Andrew Newman Well-Known Member

    Joined:
    5th Nov, 2008
    Posts:
    176
    Location:
    Melbourne
    Hi Romy

    Total and permanent disability (TPD) insurance provides cover if you are totally and permanently disabled. If a TPD claim is paid, the amount paid will be the sum insured. Whether or not the claim is successful is dependent on whether you meet the insurers definition of what is totally and permanently disabled.

    You may want to take a look at the government website below:
    Total & permanent disability cover | ASIC's MoneySmart

    Regards
    Andrew Newman
    www.cmpfinancialplanning.com.au
     
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