4/07/2005
Superannuation Choice comes into effect as of 1 July 2005.
Some Superannuation Funds will no longer offer Total and Permanent Disability Cover. Workers may be attracted to Superannuation Funds by the promise of higher returns on contributions, only to find that they are not adequately insured. Total and Permanent Disability Cover often provides a vital fallback position if, for a whole range of reasons, the WorkCover system fails to support an injured worker. Many workers are completely unaware that they have such cover, and might therefore sign it away without much thought.
Before you change your Superannuation, or leave your existing fund and Rollover to a new fund, we suggest you talk to the experienced legal team at Maddens Lawyers. Phone Toll Free 1800 815 228 for an appointment.
Disclaimer:
Maddens Lawyers offer legal advice and services, we do not offer or provide financial services. For financial advice you should seek the services of appropriately qualified financial advisory professionals.