Super for the suddenly single
February 23, 2024
Separation or divorce can be an extremely difficult time in anyone’s life. Put the emotional implications to one side, and there are the financial ones.
And let's face it, the combination of the two can lead to a highly stressful situation which can easily become overwhelming.
So, what happens to your super if you become suddenly single?
By law, super is treated as an asset or property, and splitting super is the most common way of working out who gets what. To do this, you need to look at combining your and your ex-partner's super balances. You are entitled to get this balance information from their super fund(s).
From there, you can reach a formal agreement on how your combined super is split, or you may need to apply for a court order if this isn’t possible.
If your super balance is increased or decreased, you may like to see how you can manage your super into the future. Once you know the numbers, check out our easy-to-use online calculators to see where you stand and what your options are.
Another important thing to remember is to review your super beneficiary nominations when you separate. It's a good idea to regularly review your nominations but this might be the perfect time to do so.
So, updating your super when you are suddenly single doesn’t have to be such a stressful thing. Knowing some of the steps you can take will make things easier for you. And of course, surround yourself with family and friends, and always ask for help if you need it.
Do you need to review your super details? Check or change your super account information, update your beneficiaries and more on SuperOnline.
Need super advice? We can help.
If you need advice, we're here for you. Learn more about the advice options* available on our website or call us on 1300 033 166.ADVICE OPTIONS
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