Superannuation Lawyers

A superannuation lawyer is a lawyer who specialises in the law surrounding superannuation.

This type of lawyer is usually employed by an employer to ensure that they are compliant with the law. They also work with employees to help them find out what they are entitled to and how much they can save for their retirement.

Most importantly, superannuation lawyers make sure that the employer is not breaching any laws when employing people. These qualified professionals offer a highly specialised service that proves invaluable throughout an individual’s career, from start to finish. 

A Superannuation lawyer is a solicitor who deals with superannuation law. They provide advice on the tax and regulatory aspects of superannuation. They also provide clients with legal advice about the operation of their superannuation fund, including contribution limits, investment options and other benefits.

The main duties of a Superannuation lawyer are:

• Advising on the tax and regulatory aspects of superannuation;
• Providing clients with legal advice about the operation of their super fund, including contribution limits, investment options and other benefits;
• Advising on what can be done to protect a client’s entitlements in the event that they become incapacitated or die prematurely;
• Advising on how to make use of various entitlements such as retirement income streams, lump sum payments and death benefits;
• Advising on how to make use of various benefits such as retirement income streams, lump sum payments and death benefits.

Superannuation is a valuable retirement savings vehicle that can be used to generate income during retirement. But, it is also important to ensure that your superannuation is well managed and protected.

A Superannuation Lawyer can help you with the following:

• Providing legal advice on the establishment of a super fund
• Helping you understand how your employer’s contributions affect your balance
• Advising you about the various investment options available to you
• Advising on how to withdraw from your super fund and managing tax implications

TPD claims lawyers are specialists in the field of workers’ compensation. They specialize in handling cases where the employee has a physical or mental disability that prevents them from working.

Claims can be made for long-term leave, short-term leave, and permanent incapacity.

The process for obtaining a TPD claim is a difficult and complex one. It requires the claimant to prove that they cannot work or study due to a mental health condition.

The first step of the process is for the claimant to submit an application form and medical certificate, which a TPD assessor will assess. If the assessor agrees that the person meets the requirements, they will be granted TPD status and will receive benefits from Centrelink.

As of the 1st of July 2023, the Super Guarantee in Australia will undergo a 0.5% increase, ensuring that all employees receive a superannuation of 11%. This rate will increase by another 0.5% in 2024, and a further 0.5% in 2025 in alignment with the Super Guarantee’s legislated increase to 12%.

The superannuation lawyers at McDonnell Schroder can ensure that you receive the level of superannuation that you’re entitled to. Don’t hesitate to contact our experienced team if you require any assistance for matters related to superannuation.