
In the event of divorce, there are considerations not only about what happens to the client’s super, but also their ongoing membership of the SMSF…
One of the many questions around Barnaby Joyce’s marital split is what happens to his superannuation – especially because Australian politicians’ entitlements are particularly generous.
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WHAT happens to your super when you get divorced? In theory the super assets are included in a couple’s total balance sheet and split just like any other asset. The couple can do this by mutual agreement or the Family Court can enforce its decision on the couple…
You won’t be surprised to hear that the super laws surrounding divorce are complex, and self-managed super fund trustees are obliged to discharge their trustee duties impartially, as well as look after their own personal interests…
WEALTHY husbands who split from their wives after a long marriage are less likely to walk away with the lion’s share of the assets following a landmark full Family Court decision…
In a recent research report titled Untying the Knot, Suncorp Superannuation asked married and divorced people about retirement ages and found that while both groups were on par when it came to ideal retirement ages, there was a big gap when they had to be realistic…
Financial planners and accountants need to know how their clients’ relationship status is seen in the eyes of the law, according to lawyer Nabil Wahhab, or things like super splitting after a break-up can get very complicated…
Self-managed superannuation funds are a new battlefront for affluent divorcing couples seeking their fair share of assets, which stay legally bound long after the relationship is over…