Income protection

This means that you can continue to pay the bills, while taking the time to recover and rehabilitate. And like death and TPD cover with CareSuper, insurance premiums are deducted from your CareSuper account, so you don’t feel the impact on your take-home pay.

Who can apply?
CareSuper members earning over $16,000 p.a. on an ongoing basis are eligible to apply for income protection insurance, including contractors, part-time employees and casual employees.

How much cover can you have?
The maximum amount of income protection you can apply for is determined by your salary. Your monthly benefit can be no more than 85% of your gross monthly salary. Of this, up to 75% will be payable as a benefit, and 10% as a Super Guarantee contribution. The amount received may be reduced if you are receiving other income replacement, such as WorkCover.

For more information on income protection cover, refer to the Insurance Guide and Member Guide PDS.

Need help?
You can also speak to a financial planner to help you work out how much income protection insurance you might need. CareSuper members can access financial advice on super-related topics over the phone, at no charge. Read about financial planning through CareSuper here.