Superannuation Splitting

Superannuation splitting in Family Law

Understanding Superannuation in Family Law

At South Coast Family Law Group, we understand that navigating the complexities of Family Law can be challenging, especially when it comes to superannuation divisions. Superannuation is often one of the largest assets in a relationship, and its division can significantly impact your financial future.

If you need assistance with superannuation divisions after separation or divorce, contact South Coast Family Law Group today 02 4202 6644.

What is Superannuation?

Superannuation, or “super,” is a retirement savings fund designed to provide financial support in your later years. In the context of Family Law, superannuation can be a contentious issue during property settlements. It is essential to understand how it is treated under Australian Family Law.

 

How is Superannuation Divided?

During a separation or divorce, superannuation may be divided as part of the property settlement process. The Family Law Act 1975 governs how superannuation is handled in Australia, and the division can be achieved through several methods:

  1. Split Payment: A portion of one party’s superannuation is transferred to the other party’s super fund.

  2. Flagging Orders: This prevents the party from accessing their super until a further order is made, ensuring it remains intact for division later.

 

How we can help

Tailored advice and representation

Understanding your rights and obligations regarding superannuation is crucial. At South Coast Family Law Group, our experienced Family Law solicitors can provide tailored advice and representation throughout the process. We will help you:

  • Assess the value of superannuation assets
  • Determine an equitable split
  • Navigate the paperwork involved in superannuation splits

Expertise

Our dedicated team at South Coast Family Law Group has extensive experience in Family Law matters, including:

  • Divorce and separation
  • Property settlements
  • Child custody and support
  • Superannuation disputes

 

We are committed to ensuring that our clients receive fair treatment and are well-informed at every stage of their case.

FAQs About Superannuation Divisions

Can superannuation be included in property settlements?

Yes, superannuation is considered part of the asset pool during property settlements. It is vital to accurately assess its value to achieve a fair division.

The value of superannuation can be determined through statements from super funds or by consulting with financial experts. Our team can assist in this assessment.

If an agreement cannot be reached, legal action may be necessary. Our experienced Family Law solicitors can guide you through the dispute resolution process.