Separation and Divorce

Separation and divorce

In the case of separation or divorce, super can be split, much like any other asset.

Read more

Separation or divorce and the age pension

If you or your partner are receiving the age pension and divorce or separate, it can impact your age pension benefits. Find out more about the Australian Government age pension and the effect of divorce or separation.

Read more

Your super in a family law split

If you separate or divorce from your partner/spouse, you may need to split some or all of your super as part of a property settlement.

ElectricSuper don’t charge any fees to calculate the amount to split or to split the super. Speak to us for more details.

Laws are in place to ensure that all super accounts of both partners are ‘discoverable’. You can read more about how this works in our article here.

In the event of a separation or divorce you may want to consider who gets your super if you die.

Do you have a reversionary beneficiary?

If you have an Income Stream, you may have a reversionary beneficiary in place. Learn more about when you might need to review your choice.

(1:42 minutes)

Do you have another beneficiary?

All members (including Income Stream members) have the opportunity to nominate who will receive their account balance as a lump sum if they pass away. Watch our video now for more information about changing your nomination.

(1:35 minutes)

Consider Estate Planning

Who will get your super and other assets when you die? And who will make important financial and health decisions for you if you’re no longer able to?

Read more

Death

Who receives your super if you die?

You might be surprised to learn that your super doesn’t necessarily automatically go to the person you would hope. You can nominate who will receive your super, though, giving you and your family peace of mind.

Read more about nominating a beneficiary.

Nominating a beneficiary

Binding Death Beneficiary Nomination

You can nominate the person (or people) who should receive your super if you die. If the nomination is valid at the time of your death, the Board must follow your directions.

Beneficiary nominations last for 3 years, so you need to make sure you keep your nomination updated. You can see your current nominated beneficiary on your statement.

Reversionary beneficiary

If you are a Retirement Income Stream member, you can nominate your spouse to continue to receive your regular Income Stream payments after your death.

They then have the option to continue with the regular payments or can take a lump sum at any time if they wish.

These nominations don’t lapse.

Leaving super to your beneficiaries

You may be able to move your super or pension to a tax-free status for your beneficiaries (such as your adult children), depending on your age and situation. Learn more.

(1:33 minutes)

Watch now

Insurance

If you die and have Death Insurance, this cover could help your family cope financially. Read more about the different insurance offered to Division 5 (Accumulation) active members, retained members and spouse members.

Button back to the learning hub page

Button to the book a meeting page

Come and talk to us

Get your super sorted with a face to face consultation.

No cost. Start growing your super today.