Accessing super while still working
Does anyone have experience with accessing their superannuation on terminal illness grounds while continuing to work in a reduced capacity? Is this allowed within the super rules, or do you need to gi...
Forum Discussion
Hi @danstew,
you have reached the preservation i believe which is 55,however its up to your super fund whatever their rules and regulations may be and it also depends on how much the tpd payment is would it be worthwhile for you to access this and would it be financially viable option, i rang the cancer council and was put through to someone who then put me in contact with a financial advisor, this was a free service, depending on your assests, he gave me the advice that i needed in my situation, so i guess next step go through your super papertwork, then ring the super company and expalin, see what they say, it may not be a easy process and may take some time, if there is a reasonable amount of money to be had, it may be worth your while that either the councer council could put you in contact with a solicitor who works pro bono for them or if you have a family solicitor they may do the paperwork for you, all depends how much is on offer versus the costs of a solicitor either your own or the cancer council, i am 67 and on the pension so a bit different to you,but my tpd componenet certainly came in handy, also ask the question do you have trauma insurance on your super, so that in the event of a diagnosis like stage 4 you may have a claim there as well, i can totally understand your reasons for doing this, just to let you know i am stage 4 have been for 10 years and i am still here!!!, just quickly i dont know if you are in the city or are rural i am rural and requested with the cancer council for a phone call with the financial advisor as it would take too much out of me to travel to adelaide for a sit down interview when it could all be done via the phone, just a thought,
good luck,
wendy55
you have reached the preservation i believe which is 55,however its up to your super fund whatever their rules and regulations may be and it also depends on how much the tpd payment is would it be worthwhile for you to access this and would it be financially viable option, i rang the cancer council and was put through to someone who then put me in contact with a financial advisor, this was a free service, depending on your assests, he gave me the advice that i needed in my situation, so i guess next step go through your super papertwork, then ring the super company and expalin, see what they say, it may not be a easy process and may take some time, if there is a reasonable amount of money to be had, it may be worth your while that either the councer council could put you in contact with a solicitor who works pro bono for them or if you have a family solicitor they may do the paperwork for you, all depends how much is on offer versus the costs of a solicitor either your own or the cancer council, i am 67 and on the pension so a bit different to you,but my tpd componenet certainly came in handy, also ask the question do you have trauma insurance on your super, so that in the event of a diagnosis like stage 4 you may have a claim there as well, i can totally understand your reasons for doing this, just to let you know i am stage 4 have been for 10 years and i am still here!!!, just quickly i dont know if you are in the city or are rural i am rural and requested with the cancer council for a phone call with the financial advisor as it would take too much out of me to travel to adelaide for a sit down interview when it could all be done via the phone, just a thought,
good luck,
wendy55