Freecall 1800 025 241

MON - FRI 8:30AM - 5PM (NSW TIME)

What Happens to My Super After a Relationship Breakdown?

When you are going through a relationship breakdown, your whole life changes. You have a lot of new decisions to make and things to sort. Whether you were married or part of a de facto couple, this can be a very rough time.

While most things get hammered out in a divorce settlement, one thing that often gets forgotten is your super. So, what happens to it after a relationship breakdown? It is treated like property and often gets divided between both parties by agreement or by court order.

There are times when super can’t be split. If your balance is less than five thousand dollars, it won’t be split. There are also times when the money goes to other uses such as compassionate grounds, severe financial hardship, death benefits, and more.

If your super gets split, it can be done in two ways:

  1. a specific dollar amount that will get taken out of your super account to be placed into another separate super account for the other person; or
  2. a specific percentage of your super balance to be paid to the other person.

However, just because the money is split does not mean that the other person can access it right away.

You should consider getting professional legal advice when it comes to family law matters and super splitting.

Contact us today to talk more about your super.

Woman saving money in a piggybank - representing making extra contributions to her superannuation

How To Boost Your Super

Your superannuation is a key investment when it comes to saving for your retirement, and there are ways you can boost these savings. Your employer will contribute an amount equal to 9.5% of your salary into your super, and you may also contribute additional money as Concessional Contributions or Non-Concessional Contributions. Find out more.

Keep Reading

wedding couple at night with lighting and cafe in background

How Life Events Affect My Super

Life changes that can affect your super include a variety of events that most people will encounter at some point in their lives. Some of these types of events include starting a job, getting married, buying a home, having children, getting a tax refund or an inheritance, getting a separation or divorce, the death of a spouse, having an illness, redundancy, or losing a job. Learn more.

Keep Reading

Retired man drinking a coffee

What is the Age Pension?

The Age Pension is a government income support payment paid to eligible Australians who have reached Age Pension age.  The Age Pension is income and assets tested which means the amount you can get will depend on any other income you receive (from super, investments and paid work) and on the assets you own. Learn more.

Keep Reading

Young woman with a piggy bank, representing savings and superannuation for retirement

Planning Ahead For Your Desired Retirement

If you desire to live large during your retirement, you may need up to $1 million to finance your lifestyle. Getting there will require more than the Age Pension. You will need to consider additional strategies like boosting your super savings or extra investment. Learn more.

Keep Reading

Before you leave...
Are you a small business owner?
Submit your email address to receive a FREE Website Marketing Report, and tips to help you manage your business.
SUBMIT