I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Temporary resident and TPD

Once you permanently leave Australia, then you can claim your super online. You would be a non-resident if you went to Australia with a working temporary resident visa. Keep in mind that under such circumstances, if you are New Zealand citizen or an Australian, or permanently residing in Australia, and you have a retirement visa, then you can't access your superannuation benefits once you permanently leave Australia. Citizens from New Zealand though can transfer Australian super benefits through a KiwiSaver account.

Permanent Incapacity or Permanent Disability

If you are suffering from the severe disability or chronic illness, you can claim on a permanent or total disability insurance policy that could apply to your superannuation account. Inquire with your superannuation fund with regards to the terms and conditions for any insurance cover. Under the superannuation articles, you should be able to access your superannuation benefits if you are permanently incapacitated, which is defined in the term ‘permanent incapacity'.

You can access your preserved superannuation benefits in the event you are permanently incapacitated, and your super fund's trustee is satisfied that because of ill health you are unlikely ever to work in an occupation in which you are sufficiently qualified through training, experience, and education.

Temporary Incapacity

Your fund can automatically offer income protection insurance, and you can apply for such coverage through a super fund. Should you suffer from prolonged disability or illness, you can access such insurance cover or get a regular income for at least two years.

Should you die, your super fund will pay for your death benefit towards your estate, or your spouse and dependents.

Taking Your Benefit As Annuity or Lifetime Pension

As long as your get your superannuation in non-commutable annuity or lifetime pension, you will be able to access your super benefits at any given age. A non-commutable annuity or lifetime pension is one receivable for a lifetime and cannot convert into a lump sum money. Usually, such lifetime pension choice can only be made available in the super funds of older public sectors.

We hope this information has informed you on some of the options you have with your super benefit. More information on the subject can be found on www.australiansuperfinder.com.au

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