Separation and Divorce
Your 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.
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.
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
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.
If you are a Retirement Income Stream member, you can nominate your spouse to continue to receive your regular Income Stream payments after your death.
They then have the option to continue with the regular payments or can take a lump sum at any time if they wish.
These nominations don’t lapse.
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.
Use this form to increase, decrease or cancel your insurance cover
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