The Family Law Legislation Amendment (Superannuation) Act 2001 introduced a new variable to property settlements upon a marriage breakdown. The long awaited inclusion of superannuation interests into the property pool has highlighted potential tax traps for the unwary.
This seminar paper provides an insight into how the legislative changes impact upon the treatment of superannuation interests and the role accountants, financial planners and legal advisers in the process including:
- how to include superannuation in your property settlement
- the tax implications of deciding to split your superannuation
- RBL planning issues
- the availability of tax concessions.