The superannuation splitting law allows couples who are separating to divide their superannuation after a breakdown of a relationship. One partner may split their superannuation and make a payment to the other partner’s nominated superannuation account; however the usual restrictions on accessing superannuation will continue to apply. Superannuation splitting applies to both married and de facto relationships.
The laws regarding superannuation splitting after a relationship breakdown are complex and time-consuming, and time limits do apply. Understanding the financial ramifications of your divorce can be overwhelming. Honan Family Law is here to help navigate this process. Our experienced family law solicitors will provide advice on your personal situation, so you understand your legal rights and can make informed decisions.
For a trustee of a superannuation fund to split superannuation, the trustee of the superannuation fund must be served with either an order of the Federal Circuit and Family Court of Australia or a properly executed financial agreement providing for the superannuation split to occur.
You may be entitled to a superannuation split, or you may be legally obligated to split your superannuation if you have had a marriage or de facto relationship breakdown.
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