Superannuation Agreements And Splitting with Tony Martin
When a marriage or de facto relationship breaks down property can be divided between the parties. Superannuation splitting laws allow superannuation to be divided when a relationship breaks down. Superannuation can be split either by an order of the Family Court or Federal Magistrate Court or a superannuation agreement.
The superannuation splitting law treats superannuation as a different type of property. It lets separating couples value their superannuation and split superannuation payments. Splitting does not convert superannuation into a cash asset. It is still subject to superannuation laws in that it is usually retained until a party reaches retirement age. While the Family Law Courts consider superannuation as property, there is a subtle differentiation between non-super assets and superannuation assets.
As superannuation can be the parties main asset, I will fight to negotiate a superannuation settlement with your ex-partner that is as favourable to you given you circumstances. For advice on how super splits work or what super you are entitled to post separation please contact me.