The hidden super cost of divorce
Divorce can add 10 years to the working lives of Australians, as they battle to re-establish the wealth they had in married life, according to new research by Suncorp Superannuation.
Suncorp’s Untying the Knot report lifts the lid on the hidden cost of divorce for Australia’s 900,000 divorcees.
Suncorp’s Head of Everyday Super Lisa Harrison said the most common considerations during divorce were property, child custody, the family car and the partner’s income.
However, thousands of dollars was often excluded from the settlement because superannuation was not taken into account. The study found 86% of divorcees didn’t consider superannuation in their divorce settlement.
The Hidden Super Cost of Divorce - An infographic by the team at Suncorp