You Got a Payout. Now What?

You Got a Payout. Now What?

How to Turn Your TPD or Workers Comp Payment Into Peace of Mind — Not a Painful Mistake

You’ve done the hard part.

The diagnosis. The paperwork. The waiting.
Your TPD claim has finally been approved.
Or the workers compensation payment has hit your account.

And now, you’re staring at a lump sum — maybe $400k, maybe $1.2 million — thinking:

What do I do with this? Am I going to be okay?

This moment is where many people make life-changing decisions… or life-damaging ones.
Let’s make sure you fall into the first group.

💥 The Big Mistakes That People Make

We’ve seen them. Over and over again:

  • Losing tens of thousands in unnecessary tax because no one calculated your TPD tax-free uplift

  • Paying $25,000+ to lawyers just to lodge a super claim you could’ve done yourself

  • Misclassifying contributions and triggering a 47% tax bill

  • Losing Centrelink Disability Support Pension (DSP) eligibility by structuring capital incorrectly

  • Rolling over to a new super fund that doesn’t let you access your own money

  • Losing life insurance cover because the old fund was closed without checking

And the worst part?
These aren’t just admin errors. These are emotional landmines. They cause stress, fear, and regret — in people who are already navigating medical or mental health battles.

🧠 What Smart Advice Actually Looks Like

Let’s break down what good financial advice should cover after a TPD or workers comp payout — using real-life examples from the clients we’ve helped.

✅ TPD Tax-Free Uplift

Most clients are eligible to increase the tax-free component of their payout — but it’s not automatic.

If two qualified doctors certify permanent incapacity (as defined by law), we apply for the uplift before any money is withdrawn. Done right, this can mean tens of thousands saved in tax — not just now, but also for your estate and beneficiaries down the track.

✅ Concessional Contributions While on Workers Comp

Yes — even if you’re not working, you can often make super contributions and claim a tax deduction against your workers comp income.

Timing matters. Lodgement matters. And getting this wrong means throwing away a legal tax benefit.

✅ Super Structure, Not Super Mess

We review your funds before any rollover. Why?

Because if you move money into the wrong fund:

  • You might not be able to access your capital again

  • Your doctors’ reports may be rejected by the new trustee

  • You could lose key insurance that’s impossible to replace due to your health

We speak directly to the super funds, so you don’t have to.

✅ DSP (Disability Support Pension) Eligibility

If structured properly, you could be eligible for $29,874/year in tax-free DSP.

Super held in accumulation phase can be exempt. Poor structuring kills eligibility. We model this before you move a cent.

✅ Capital Longevity Planning

Let’s be honest — most people have no idea how long their money will last.

We model it with you.
If you’ve received $1 million, we’ll build a tax-effective plan that:

  • Gives you an income stream (often tax-free)

  • Manages investment risk to match your real needs

  • Supports you emotionally and financially, not just mathematically

⚠️ Real Risks. Real Consequences.

“If you get this wrong, it’s not just a financial mistake — it’s a life mistake.”
– Matthew McCabe, Head of Advice

Here’s what’s really at stake:

  • $30,000+ tax lost because a form wasn’t lodged in time

  • A 47% tax bill because a contribution was mislabelled

  • Lost DSP payments because assets were in the wrong place

  • Legal battles trying to access funds after rolling into an incompatible super fund

  • No life insurance payout because it was cancelled without review

We take responsibility for all of this — so you can breathe.

👩‍⚕️ This Is About More Than Money

You might be tired. Confused. Anxious.
Maybe you’ve just come through a major medical event. Maybe you’re still in it.

That’s why we build advice around clarity, calm, and confidence — not just charts and spreadsheets.

We explain why we’re doing things.
We walk you through each step.
We check every detail — so you don’t have to second-guess yourself.

“After I spoke to Matt, I felt like I could breathe again. I knew we weren’t going to blow the payout. We had a plan.”
– TPD Claimant - Newcastle Advisor Client

🔑 Here’s What Working With Us Looks Like

  • One flat, fixed fee. No surprises. No commissions.

  • Direct access to our financial, paraplanning, and technical experts

  • We liaise with doctors, super funds, trustees, Centrelink and lawyers

  • You get a plan you can understand and follow — even on your hardest days

  • You walk away with peace of mind

📲 Next Step — Book a Free Clarity Session

If you’ve received a TPD or workers comp payout — or you know someone who has — we can help.

Click below to book a free, no-pressure 30-minute call with our team.
Let’s see if we’re the right fit.

🔁 Know Someone Going Through This?

Forward them this article.
It might just save them $30,000 — and months of anxiety.

Matthew McCabe