Income protection or salary continuance cover is separate and distinct from your superannuation account balance, which has accumulated over the years and been contributed to by your employer.

The waiting period before salary continuance benefits commence is usually between three months and six months.

These benefits are, generally speaking, paid on a monthly basis and designed to cover a portion of the wage which you would have earned had you not been forced to stop work as a result of an injury or medical condition.

It is important to note that these benefits are invariably offset against statutory workers compensation weekly payments and, sometimes, compensation lump sums, Centrelink payments, Department of Veterans’ Affairs pensions and other disability insurance benefits. However this is not always the situation and is dependent upon the wording of the relevant offset clause contained in the insurance policy.

In our experience people are often unaware of their rights when it comes to making a claim for disability benefits attached to their superannuation policy. Stacks Goudkamp can guide you through the complex policy documents, regulations and forms to ensure that you receive the maximum entitlements available to you.

If you would like to find out how we can help with your potential claim please contact Karina Heywood of our office for a free assessment of your superannuation on 1800 25 1800 or make an online enquiry.

Written by Karina Heywood

Karina Heywood is the Team Leader of the Superannuation Team at Stacks Goudkamp. Karina has experience working for clients in superannuation and TPD claims.