Published 13 Jul 2016
Super is a key part of many people's retirement plan, with the Association of Superannuation Funds of Australia recently revealing the country's pension pot has reached more than $2 trillion.
However, not all individuals are able to work until retirement age. Some may suffer a serious injury or illness that prevents them from continuing in employment. Thankfully, many super funds have policies that offer payments to those who experience unforeseen circumstances.
When someone suffers a total and permanent disability, for example, they should receive a lump sum payment, as well as the early release of any superannuation they've already accumulated.
Sadly, insurers and fund trustees often reject legitimate claims, meaning the affected individual misses out on substantial financial support. This can place a significant burden on households in addition to the physical and emotional strain of dealing with the injury or illness.
Here are three reasons you should contact a superannuation disputes lawyer if your insurer or fund fails to approve your claim.
1. Free consultation
The best law firms will offer you a free consultation regardless of whether or not you decide to proceed with your case. This means you have nothing to lose by getting in touch and discussing a potential claim. At the consultation, you can learn more about the appropriate laws and find out how likely you would be to succeed if you pursued your case in court.
2. No-win, no-fee services
If you and your lawyer believe a claim is viable, then a no-win, no-fee firm can provide a low-risk approach to securing a lump sum payment. This type of fee structure means the law firm will absorb all the up-front costs that accumulate during the case, and you'll only need to pay if the courts rule in your favour.
3. Years of experience
Superannuation dispute lawyers will have dealt with hundreds of cases like yours, so they know how to best gather evidence and present it in court on your behalf. Some law firms also go the extra mile and provide you with morale support and the compassion you'll need to see your case through to the end.
Would you like to speak to a specialist superannuation disputes lawyer? Please contact Gerard Malouf & Partners today. We have more than three decades' worth of experience in the industry and have won 98 per cent of our cases, which represents more than $500 million in payouts.