TPD Tax Calculator Tool (Estimate Your TPD Claim Payout)

 

To complete this tax calculation you will need the following information:

  • The date you stopped work altogether.
  • Your Eligible Service Date – this is a date that your super fund can provide you with and it is imperative that you contact your super fund to obtain this date prior to completing this calculator. Please be sure to request both your account start date as well as your eligible service date as you may require both.
  • The size of your TPD Insurance payout.

This Australian Tax Office (ATO) provides guidance regarding the calculation of this tax and it can be found here.

Disclaimers

Before using our calculator, please understand the following:

We have assumed that all contributions made to your super fund are taxable. This may not be the case for your particular circumstances, and you will need to speak with your super fund to determine the taxable and non-taxable components of your fund. We may be able to provide you with a bespoke calculation if not all of the money in your fund is taxable; however, you will need to speak with us directly.

The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. The underlying basis upon which the output you receive is based upon may change from time to time. There are numerous variables that may result in you paying tax that is considerably different from what is provided by this calculator. Calculations are meant as estimates only and it is advised that you consult with a financial adviser about your specific circumstances.

To the maximum extent permitted by law, Curo Financial Services takes no responsibility for reliance by any person on the information in or relating to this document (including the calculator). This information is general information only and does not take into account factors like the objectives, financial situations or needs of any individual and is not intended to be financial, legal, tax, accounting or other advice. Before acting on the information, you should consider the appropriateness of this information having regard to such factors and the relevant Product Disclosure Statement or Insurance Guide. No particular impact on you resulting from the use of this calculator is guaranteed.

It cannot, and does not try to predict actual insurance benefits as these are subject to the policy features selected by the customer, the operation of policy terms and conditions (including permissible changes to those terms and conditions) as well as changes to the customer’s circumstances, investment earnings, tax, inflation and applicable law.


YOUR DETAILS
 
 
 
Date of Birth 07/01/1977
Eligible Service Date 07/01/2005
Date Last Worked 01/01/2022
Super & TPD Withdrawal Amount ($) $
 
 
Your Preservation Age  
Total Service Days –
Days to Retirement –
 

     
     

    YOUR TAX ESTIMATE