This can be a particularly difficult time, with significant changes to personal, family and financial circumstances. Here are a few things to keep in mind.

  • What happens to super in a property settlement?
    • Under family law legislation, super benefits can generally be split as part of a property settlement between married or de facto couples in the event of a marriage or relationship breakdown.

      These laws are complex and it’s important to ensure you seek advice if these circumstances apply to you. For general information, refer to our family law and superannuation fact sheet.

  • Are your details up to date?
    • If you’ve had a change of name, address or other details, it’s important to let us know so we don’t lose touch with you, and more importantly, so you don’t lose touch with your super. Get started with our step-by-step HOW DO I…update my personal details?

  • Reviewing your beneficiaries
    • With any change in personal relationships, it’s important to consider what might happen to your super if something happened to you.

      Your super is likely to be one of your largest assets so it’s important to ensure it ends up in the right hands. With a change in your relationship, it might be a good time to think about whether you need to update an existing nomination, or make a new nomination if you don't already have one.

      Once you make a valid nomination, this means we must pay your death benefit to the person or people (or your estate) that you’ve nominated. If something happens to you and we don’t have a valid beneficiary nominated, we have discretion to decide which of your beneficiaries receives your super.

      Learn more about nominating beneficiaries or get started with our step-by-step HOW DO I…nominate a beneficiary?

  • Are your loved ones and income adequately insured?
    • Ending a relationship can have a significant effect on your financial commitments, which makes it an important time to reconsider your insurance needs – how well would those commitments be protected if something happened to you?

      For example, you may want peace of mind that any children or dependants will have financial security if you’re unable to work because of injury or illness. Or if you’re buying a home, an insurance benefit may help reduce outstanding mortgage or other debts if something happens to you.

      Because we know that 'life events' are often the times when people need to change their insurance cover, Accumulate Plus members can take advantage of our life events cover option. This allows you to apply for increased cover when you get divorced (or experience one of the other specific life events) without having to provide additional medical evidence.

      Find out more about life events cover.

Other useful resources

    A guide to splitting super after a separation

    Dividing your assets can be among the most challenging aspects of ending a relationship, and there are superannuation splitting laws in place for when a marriage ends. (Source: CommBank)

    Retirement planner

    Find out what your income may be when you retire. (Source: ASIC MoneySmart)

    Managing on a low income

    When you're managing on a lower income, making every dollar count is important. (Source: ASIC MoneySmart)