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…