Change in relationship

Change in relationship

Getting married

Getting married is an important life milestone that can greatly impact your finances. You and your partner may wish to consider the following items on the checklist.

• Generally, any previous will becomes void when you marry. You may wish to consider organising a new will
• Consider spouse contributions. Your spouse can top up your super account if you earn less than $13,800 a year (or vice versa) and you can receive a tax rebate
• Review your insurance. You now need to consider a partner if something happens to you. At NGS Super you have guaranteed extra cover for certain life events including marriage, and can apply for an increase in your insurance without the need to show evidence of your good health*
• Consider contribution splitting. You can split your contributions (minimum $3,000) with your spouse at the end of each financial year.

Getting divorced

Divorce can be especially difficult if your spouse managed the household finances. NGS Super offers a variety of learning tools designed specifically for you, to make the most of your super.

• NGS Super’s online learning program consists of 24 interactive, multimedia learning modules for self paced learning about every aspect of your personal finance. You can access these modules by logging onto your secure Member Online account
• Review your insurance. You may want to vary your insurance now that you are no longer married. At NGS Super you have guaranteed extra cover for certain life events including divorce, and can apply for an increase in your insurance without the need to show evidence of your good health.*
• NGS Super offers regular seminars in SA, NSW, VIC and WA. These seminars focus on a range of topics from Transition to Retirement to Wealth Creation. Our seminars are free of charge and you are welcome to bring a friend
• Contact one of our state Client Relationship Managers. Client Relationship Managers are available to visit your workplace and present to your colleagues. This is free of charge and a great way to learn more about strategies to grow your balance
• Consider updating your beneficiaries now that your situation has changed. Read the Nominating Your Beneficiaries fact sheet for more information
• More information on the rules of family law and the distriution of super can be found in the Family Law and Superannuation website
• Consider making a financial planning appointment to discuss the strategies to maximise your financial situation. To make an appointment, please call 1300 133 177.

*Within certain limits