Divorce or separation can be emotionally draining and stressful as it is, but the legal and financial responsibilities you also need to think about add an extra burden to dealing with the spit. One key area that needs to be considered to protect your financial future is your superannuation and what happens to it after your divorce. The superannuation splitting law treats superannuation as a different type of property. This means that like any other asset it can be divided between partners who were in a marriage or de facto relationships either through: A formal written agreement where both parties sign a certificate confirming that independent legal advice about the agreement has been provided. Seeking Consent Orders to split the superannuation. Seeking a court order to split the superannuation in the event you cannot reach an agreement. Splitting the super does not automatically give you a cash asset as it is still subject to superannuation laws. There are three main options for dealing with your super in a split: A payment split: this is the most common way of dealing with super at the end of a relationship. If you are not yet eligible to withdraw your super, the benefit … Continue reading What happens to your super in a divorce?