Superannuation benefits are normally awardable if you are unable to work because of an illness, injury or any other medical reason. But what happens if your loved one deceases?
All superannuation funds include death benefit payments that are awardable to a partner (spouse or de facto spouse), children, or dependent person. Also, the superannuation policy holders can nominate their beneficiary otherwise the existing laws applies to decide the person who receives the superannuation death benefits.
How to claim superannuation death benefits
If you believe that you are the legally nominated beneficiary of the deceased person’s superannuation payment, you can contact Withstand Lawyers to start the process as soon as possible. We will contact the insurance provider and claim the superannuation benefits on behalf of you.
Am I eligible?
You must be one of the dependants below to be able to claim super death benefits of the deceased person:
What is an interdependency relationship?
Interdependency relationship may exist if two people have a close personal relationship and live together, and one or each of them provide support and personal care to each other.
You can contact your insurance provider to decide the person to receive the superannuation death benefits if that person is not legally eligible.
When can I claim?
If you are legally eligible, you can claim superannuation death benefits as soon as possible. It is advised to act as soon as possible to prevent insurance company to pay the money out.
Superannuation death benefits payment methods
Superannuation death benefits can be paid as an income stream and a lump sum payout. The taxation may vary. Reach our Superannuation lawyers to calculate the amount of payout.
Yes, all super funds in Australia have a death benefit that is generally paid to deceased person’s dependents.
In that case, the superannuation death benefits may be paid to the deceased person’s legal personal representative.
Each company has its own policy however at Withstand Lawyers you do not have to pay for upfront costs and out of pocket disbursements. Our superannuation lawyers work on a No Win No Fee basis which means that you do not pay our firm anything unless we obtain your entitlements.