TPD Claims Advice Newcastle
Get expert advice on Total & Permanent Disability Claims in Newcastle from Elliot Watson Financial Planners.
Understand your options with financial strategies for TPD payouts in Newcastle
Managing a successful TPD (total and permanent disability) claim is a stressful, time-consuming process for anyone dealing with a permanent disability, injury or illness. At Elliot Watson Financial Planning, we provide expert financial strategies tailored to your needs that will help you understand your TPD insurance claim, payout options to secure your financial future.
Once your TPD insurance claim has been processed, the resulting lump sum payment is deposited into your superannuation account. From this point, it’s important to have a clear, informed understanding of the complex tax implications of withdrawing money from your superannuation fund. You also have the option to initiate a superannuation income stream, which can provide a regular income flow post-TPD claim approval.
If you’ve had or are in the process of having a TPD claim approved in Newcastle, Singleton or Maitland, it’s important to receive the right financial advice to understand your insurance benefit, preserve your quality of life and ensure your options regarding the taxation of the payment have been explored and structured to get the best outcome for yourself. Our team are experienced with assisting clients dealing with:
We also support you after the TPD claim process by assisting with paperwork, navigating potential issues with Centrelink entitlements, or helping you seek legal assistance if required.
If you’ve received a Total and Permanent Disability claim in Newcastle, secure your financial future with Elliot Watson Financial Planning.
Contact our team if you’ve had a TPD claim approved in Newcastle
At Elliot Watson Financial Planning, our team provides expert financial planning services, trusted support and up-to-date TPD claims advice Newcastle-wide. We tailor our strategies around your specific financial needs, so you can rest assured you’re receiving the highest level of support for your TPD claim.
We can help you answer important questions like:
Give yourself peace of mind with Elliot Watson Financial Planners. We’ll help you take control of your TPD payout in Newcastle. Contact us today.
We’ll help you make informed decisions for managing your superannuation disability payout in Newcastle
When it comes to superannuation disability payouts in Newcastle, it’s important to understand your options to preserve your quality of life.
At Elliot Watson Financial Planning, we work with you to ensure your best interests are looked after. Our team provides expert advice to ensure your options regarding the taxation implications are explored and that you feel supported, comfortable and informed throughout the process.
Clear advice and support for TPD claims in Newcastle
With our expert TPD claims advice in Newcastle, we can help you achieve the following financial goals with your payout:
Keep your financial future on track with Elliot Watson Financial Planners. Contact us today to receive expert TPD claims advice in Newcastle.
Case Study
In 2011, our team was approached by a former Police Officer diagnosed with Post Traumatic Stress Disorder (PTSD). Following her discharge from the NSW Police, she sought advice on managing her two payouts totalling just under $1 million.
The client’s main concerns were tax implications, maintaining her lifestyle, preserving her capital and feeling secure in making financial decisions for her future.
Solution
Our financial advisers provided comprehensive support, managing paperwork and simplifying the process for our client. Strategies were implemented to maximise insurance payouts while minimising tax impact, clear debts and design an ongoing investment approach.
Our tailored financial strategy yielded significant immediate and long-term benefits. Without our advice, the client’s total payout of $971,110 would have been subject to $106,087 in tax. Our strategies reduced this to $36,000, which provided an immediate saving of $70,087.
We also helped the client create two tax-effective income streams through a tailored investment strategy. Instead of investing her capital in cash, we provided expert advice on an investment with a long-term rate return of 5% that saved the client $9,107 annually (or $391,601 over her life expectancy).
Alongside these financial rewards, we customised our approach to support the client’s PTSD-related stress, removing the burden of making complex financial decisions. By seeking our advice, the client successfully navigated her financial challenges while maintaining control over her future.
Testimonial
“I can only offer praise and gratitude to the team at Elliot Watson Financial Planning. I was referred to them at a time when my life was in turmoil. My adviser helped me make important decisions and has enabled me to get on with my life with a secure outlook, both financially, and personally. I cannot thank them enough for everything they have done for me. They went above and beyond the call of duty. I would absolutely recommend Elliot Watson Financial Planning. Thank you for everything you have done for me.”
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