We do not charge any fees for information requests or Court Order splits.
The amount allocated to the recipient spouse is not usually immediately available in cash. It must remain in the superannuation system until age 65 in most cases, or until the person meets one of the legal conditions that allows their benefit to be paid in cash.
When allocating the required amount to the recipient spouse, the Trustee must also split some of the tax components of the member’s benefit. The components to be split, and the method by which they are to be divided between the parties, are set down in the legislation.
The amount allocated to the recipient spouse, once applied against your benefits, will not be reduced further for the Contribution Tax Offset that applies to ElectricSuper. Therefore, it is important that the amount advised to be allocated to the recipient spouse should already take into account the application of the Contribution Tax Offset. ElectricSuper will provide you with enough information so that the necessary allowance can be made.