When you take out a superannuation fund in New South Wales, you will automatically have death benefit payments. This is in addition to any other insurance benefits that will come with your policy. Superannuation funds are not regulated by state or federal governments, so each individual death benefit policy will be designed and regulated by the provider. This page is all about Death Benefit Claims in New South Wales, and what you need to do to make your claim.
What are Death Benefit Claims in New South Wales?
All superannuation funds have death benefit payments in New South Wales. These payments are normally made up of contributions as well as any insurance benefits that are attached to the policy.
In the event of a loved one’s death, all superannuation funds in New South Wales do offer benefits. If you were financially dependent on someone who has passed away, or you are a spouse, child, nominated beneficiary, you may be entitled to their super contributions.
This will potentially be a difficult and stressful time for you, especially if you are grieving. What’s My Claim Worth wants to make sure you have all the necessary information made available to you so that if you want to make a Death Benefit claim, you can do so with one of our partnered law firms.
How do I know if I have a Death Benefit Claim?
You are likely able to make a Death Benefit Claim in New South Wales if you:
- Were either in a close personal relationship with the person, such as a partner or spouse
- Were financially dependent on them
- Were nominated as the beneficiary in a superannuation or insurance fund.
Are there Time Restrictions to a Death Benefit Claim in New South Wales?
Yes. This is because if another person who is entitled to a claim, makes it, then the superannuation fund will simply give the death benefits to that person instead.
If you want to dispute a death benefits claim, then there are time limits for that, too. These time limits are strict, so if you do wish to dispute a previous claim, then it’s best you do this as soon as possible.
Certain scenarios can be disputed against in New South Wales. This includes the fact that the definition of ‘dependant’ can change from fund to fund. For example, someone who wasn’t blood-related, but was financially dependent at the time of the nomination, might not be financially dependent at the time of death. This would mean that their death benefits claim could be disputed.
How can What’s My Claim Worth help?
What’s My Claim Worth legal partners in New South Wales work on a No Win, No Fee basis. Meaning that you only pay legal fees if your case is successful and you receive your claim. What’s My Claim Worth can get you the legal representation you need to make your Death Benefits claim. Superannuation funds and insurers are notoriously difficult for self-represented claimants to navigate, which is why we have partnered with the best lawyers in New South Wales to get you the result you deserve.
If you do win, there are, of course, costs involved. What those will be, does depend on the costs of the TPD claim lawyer you work with and their solicitor’s fees and disbursements. This is an important conversation to have when you begin discussing your case.
Why Choose What’s My Claim Worth?
What’s My Claim Worth not only allows you to calculate the value of your TPD death benefits claim in New South Wales with our claim calculator, we also work to connect you with our network of specialist TPD lawyers who can work with you to get you the best outcome — No Win, No Fee (excluding defendant costs if the claim is litigated).
