Welcome to another episode of the Divorce Collective!
Today, Caralee Fontenele dives into why you shouldn’t overlook superannuation in the asset pool when going through your property settlement.
Superannuation is often a significant asset of the property pool for many couples outside the family home, and at times superannuation can be the most significant asset that couples have.
When pirates separate, it can often be overlooked as it is locked away, and it can appear not to be a tangible asset. This could not be further from the truth.
It can be a huge mistake and disadvantage to overlook splitting super, so ensure that you remember to consider this when entering your property.
Often women have a lot less super than men. Women have approximately 37% less super than men due to the inequalities in pay, and unpaid caring roles, such as raising children, which can affect a superannuation split.
In any event of separation, a ‘super split’ can be considered – however; there are some rules need to be followed when it comes to compliance around superannuation.
At Collective Family Law we often assist people in negotiating a superannuation split. To learn more, listen to the podcast!
If you want to gain advice on your family law matter, we offer a one-hour free Initial Consultation. This can be via Zoom from anywhere in Australia. If you want to arrange your appointment, you can click here or call 5574 0971.