Making super fair
For many women superannuation is the only asset they can claim from their former partner, yet many walk away from accessing it because dividing super assets through the family law system can be complex. It also often requires legal advice, which can be costly.
This can result in many women, especially those from low-income households or who are most vulnerable, simply walking away from their rightful share of super assets. This can mean losing their only income in retirement beyond the Age Pension.
HESTA is working with Women’s Legal Service Victoria and Women in Super on the Simpler Super Splitting initiative. The initiative aims to eliminate the need for legal advice for the straightforward division of super assets, via a simple, consistent form for court orders that can be used across the industry and by the courts.
Do you need to start a conversation about your super?
HESTA Super Specialists can provide advice about your super at no extra cost. It’s all part of the service for HESTA members.
This information is of a general nature. It contains H.E.S.T. Australia Ltd’s interpretation of the law but should not be relied upon as advice.