S C O A

The Superannuated Commonwealth Officers’ Association (SCOA) is a not-for-profit volunteer organisation which advocates for retired public servants in a wide range of policy areas, including superannuation, taxation, health and seniors’ concessions.
   

Superannuation and Marriage Breakdown
Divorce and separation are all too common but what happens when a CSS or PSS contributing member or pensioner has a marriage breakdown? This is the full version of the article. The shorter version can be found in the February 2012 SuperTime.

The Family Law Act 1975 provides arrangements for splitting superannuation entitlements resulting from marriage breakdown including the breakdown of de facto relationships.

Under the superannuation splitting laws, superannuation is treated as property for the purposes of a property settlement on marriage breakdown. Therefore, superannuation is treated in the same way as other assets such as houses and shares. Superannuation can be split by the direction of the court or by an agreement between the parties to the marriage....more>>
 

Other proposed changes to superannuation 
Click here for information on:
  • Halving of maximum Government co-contribution
  • Concessional contribution cap – indexation paused
  • Deferral of 50% tax discount for interest income
  • Standard deduction for work related expenses
  • Dependent spouse tax offset phase out
 

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This Website is operated for the information of members of SCOA. It is prepared with care, in good faith and from sources believed to be accurate. However, readers should not act, or should refrain from acting, solely on the basis of information on this site about financial, taxation, health or any other matter. Having regard for their own particular circumstances, readers should consult relevant authorities or other advisers with expertise in the particular field. Neither SCOA nor the operator of the Web site accepts any responsibility for actions taken by readers of the site. SCOA does not give investment advice or recommend financial products or planners.