Divorce and Super: What to Consider

While navigating a separation can be a challenging and emotionally taxing experience, it's crucial to keep in mind all aspects of your financial standing, including your superannuation.

If you're separating from your partner, you may be able to come to an agreement on how your super is divided and issue a 'super agreement' or alternatively through court.

Are you navigating a separation? Here is what you should consider in relation to your super. 

What happens to super during divorce and separation

Super is treated as property during a relationship breakdown, including marriage or de facto relationships, and can be divided between partners through a mutual agreement or court order.

Changes to your insurance 

Make sure you have adequate cover as your circumstances have now changed.

Changes to your beneficiaries

If you had previously listed your former partner as your beneficiary, you may want to update your superannuation to reflect your current wishes. For certainty as to who receives from superannuation in the event of your death you may wish to make a valid Binding Death Benefit Nomination.