Post TPD Claim Advice – Ensuring Your Financial Future
At Health & Finance Integrated, we understand that receiving a Total and Permanent Disability (TPD) claim payout can be a life-changing moment, following what is often a challenging period. Now that your claim has been approved, it’s crucial to carefully manage your compensation to support your long-term financial security and well-being. This may also include accessing your superannuation under invalidity provisions, a critical option for many in your position.
Our post-TPD claim advice service is designed to guide you through the financial decisions that follow, ensuring you make informed choices to secure both your immediate needs and your future.
What Happens After Your TPD Claim?
Once your TPD claim is finalised, you’ll face several important decisions about managing the lump sum payout. Additionally, depending on your situation, you may also be eligible to access your superannuation early through the invalidity provisions. Both of these financial resources require careful planning to ensure they provide the maximum benefit for your future.
Our expert advisers will assist you with the following:
- Assessing Your Financial Situation: We begin by reviewing your current financial position, including your immediate needs for medical care, rehabilitation, and living expenses, as well as any outstanding debts. This helps us create a plan that prioritises your financial security and quality of life.
- Accessing Superannuation Through Invalidity: If you’ve been permanently unable to work due to your disability, you may be able to access your superannuation early through invalidity provisions. This option allows you to draw down your super to supplement your TPD payout, providing additional funds to support your ongoing needs. Our team will guide you through the application process, ensuring you understand the implications and benefits of this option.
- Creating a Tailored Investment Strategy: Your TPD payout and any superannuation funds accessed early need to be carefully managed. We’ll work with you to develop a sustainable, long-term investment strategy that generates income for your future, while meeting your short-term requirements. Our focus is on ensuring your financial security through diversified, tax-efficient investments.
- Tax Planning: We help you navigate the tax implications of both your TPD payout and any superannuation accessed through invalidity. By utilising effective strategies, we can help reduce your tax liability and make sure more of your funds go towards supporting your financial well-being.
- Insurance and Superannuation Review: Your situation has significantly changed, which means your insurance policies and superannuation arrangements may also need to be reviewed. We’ll ensure your current policies align with your new circumstances and help you decide whether you need to adjust or cancel existing covers.
- Planning for the Future: Beyond your immediate needs, we’ll help you plan for the long term. Whether it’s ensuring your ongoing care, preparing for retirement, or providing financial security for your family, our advisers will help you protect your future.
Why Choose Health & Finance Integrated for Post-TPD and Invalidity Super Advice?
- Specialist Expertise: With deep experience in both TPD claims and invalidity superannuation access, our advisers understand the specific challenges and opportunities that arise when managing these financial resources.
- Tailored Advice: Every client’s situation is unique. We provide customised, thoughtful advice to meet your personal goals and circumstances.
- Compassionate Approach: We know that navigating life after a TPD claim can be overwhelming. Our advisers offer clear, practical advice with a compassionate understanding of your journey.
- Holistic Financial Planning: We look at the full picture, not just your TPD payout. From managing immediate expenses to long-term financial sustainability, our advice covers every aspect of your financial future.
Secure Your Future with Confidence
Receiving a TPD payout and potentially accessing your superannuation under invalidity provisions are significant financial events. At Health & Finance Integrated, we’re here to provide the professional guidance you need to make the most of these resources, ensuring that your financial future is secure.
Contact us today to discuss your post-TPD claim options and let us help you create a clear, practical path towards financial security.
