Understanding Brisbane TPD Claims: What You Need to Know About Tax on TPD Payouts
If you're a Brisbane resident who's been unable to work due to a total and permanent disability (TPD), you're likely familiar with the concept of TPD insurance. Many superannuation funds in Australia offer this insurance, which provides a lump-sum payout if you become permanently disabled and can no longer work. However, navigating the claims process and understanding the associated taxes can be confusing.