Littlejohn Legal Explains Key Aspects of Dividing Superannuation in Family Law Settlements

Melbourne firm publishes a detailed guide explaining how superannuation is handled during family law and financial settlements.
Dingley Village, Victoria - Littlejohn Legal a leading provider of family law services in Victoria, today published a detailed guide explaining how superannuation is handled during family law and financial settlements. The article, "Dividing Superannuation in Family Law Settlements", outlines clients' rights and options under Australia's legal framework for super splits following separation.

Superannuation is treated as property under Australian family law following the breakdown of marriages or de facto relationships. Rather than forcing an early cashout, super is typically split or assigned via one of several legal mechanisms: a court order, a consent order without court appearance, or a binding superannuation agreement (which may be standalone or part of a broader financial agreement).

Highlights from the Article

Immediate vs. Deferred Splitting: Not all super funds can be split immediately. Some super funds have restrictions that delay when division can take place. Even where splitting cannot occur right away, agreements can be made to take effect once the restrictions are lifted.

Superannuation Flags: Courts or super agreements can impose payment flags-basically warnings on super funds-if division cannot yet proceed. These were more common historically, but they remain an available tool.

When Super is a Financial Resource Rather Than Divisible Property: Some kinds of superannuation, for example pensions that cannot be converted to cash, may not qualify as property for division purposes and are instead considered under financial resource assessments.

Methods for Splitting Super in Settlements: The article describes two typical approaches:

1.Two-Asset-Pool Approach - separating super from non-super assets (e.g. home, savings) and dividing each pool under the Family Law Act or equivalent.

2.Single Asset Pool Approach - combining all assets (super + non-super) into one pool and dividing that total; though this can sometimes lead to unfairness if one party's super isn't accessible or is restricted.

Special Considerations: The length of the relationship, each party's contributions (financial and non-financial, including work caring for children), age, health, future needs, and the fund's restrictions are all relevant in determining what is fair.

Timing of Agreements: Best practice is often to address superannuation splitting within the main property settlement agreement so that all assets are dealt with in a coordinated way. Once a binding settlement is made, options to revisit super splits are very limited.

Read more on their official blogpost:

https://littlejohnlegal.com.au/family-law/dividing-superannuation-in-family-law-settlements/

About Littlejohn Legal

Littlejohn Legal is a fully-qualified firm specialising in family law among other areas, based in Dingley Village, Victoria. [https://www.google.com/maps?cid=16230621328537765875] With deep experience helping clients through separations and financial settlements, the firm is committed to providing clear, accessible guidance on complex legal issues such as superannuation division.

Earlier last year, Littlejohn Legal announced the launch of a new website following a series of successful acquisitions, positioning the firm to serve clients more broadly and strengthen its online presence.

For more background see Littlejohn Legal Announces Launch of New Website After Series of Successful Acquisitions. [https://thenewsfront.com/littlejohn-legal-announces-launch-of-new-website-after-series-of-successful-acquisitions/]

Via: https://news.agrtech.com.au/press-release/littlejohn-legal-explains-key-aspects-of-dividing-superannuation-in-family-law-settlements/

Media Contact
Company Name: Littlejohn Legal
Email: Send Email [http://www.universalpressrelease.com/?pr=littlejohn-legal-explains-key-aspects-of-dividing-superannuation-in-family-law-settlements]
Phone: 0395580558
Address:117 Centre Dandenong Rd
City: Dingley Village
State: VIC 3172
Country: Australia
Website: https://littlejohnlegal.com.au/

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