Separation and Divorce
Separation and divorce
In the case of separation or divorce, super can be split, much like any other asset.
Read moreSeparation 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 moreYour 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.
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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.
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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 moreDeath
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.
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.
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Watch nowInsurance
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.
Active Division 5 (Accumulation) members: form
Use this form to increase, decrease or cancel your insurance cover
Retained and Spouse Division 5 (Accumulation) members: form
Use this form to increase, decrease or cancel your insurance cover
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