Splitting isn’t the same as cashing out

Separation or divorce is never easy. It’s a time of emotional upheaval, endless decision making and often financial uncertainty. In the middle of this, superannuation can feel complicated or even overlooked. 

Understanding super during separation

Kaito, 47, was balancing career and family when his marriage ended. He assumed his super would simply be withdrawn and divided. Instead, using the resources available to him, he learned that there was a process for super splitting, and that super can generally only be split with instructions from a court order or a super agreement. By learning about the process early, Kaito avoided extra stress and confusion. He was able to focus on rebuilding his life and career, knowing his retirement savings were being managed properly.

What to know about super and separation

The key is understanding how super works during separation: 

• Super can generally only be divided through a court order or super agreement.
• It isn’t automatically cashed out. Your retirement savings remain preserved.
• Knowing your options now, makes the process clearer and less stressful later.

Moving forward with clarity and confidence

Separation doesn’t have to mean confusion about your super. With CSC, you can navigate change with clarity and confidence. Relationships may change, but your future security doesn’t have to. 

Find out more at csc.gov.au/life

Any financial product advice provided is general only and may not be right for you. You may wish to seek financial advice before making any key decisions. CSC provides members with access to authorised financial planners* who provide personalised fee-for-service financial advice. For further information visit csc.gov.au/advice

*CSC financial planners are authorised to provide advice by Guideway Financial Services (ABN 46 156 498 538, AFSL 420367).