Australia's leading provider of affordable DIY legal kits
Call our Customer Care Specialists on 1300 728 200
   

Legal Forum

Welcome to the FREE AussieLegal Forum

This FREE legal forum is supported by participating lawfirms in your local area.
 The information contained in this public forum, and any comments made by the administrators, it's appointed mediators, or members of the public are of a general nature and may not be regarded as financial or legal advice in any way. We recommend that you seek formal advice from a practicing solicitor or licensed financial advisor regarding your particular situation. By registering to use this forum you meet the above criteria and agree to abide by all of the above rules and policies.

To be sure we provide you with the most relevant information to your state, please let us know which state you your legal matter resides in:

ACT  NSW  NT  QLD  SA  TAS  VIC  WA  

AussieLegal recommends this law firm:

  FAQ FAQ  Forum Search   Register Register  Login Login

can super be used as payout
 Post Reply Post Reply
Author
  Topic Search Topic Search  Topic Options Topic Options
mumof2girls View Drop Down
Newbie
Newbie


Joined: 24/November/2017
Location: Australia
Posts: 18 		  Quote mumof2girls Quote  Post ReplyReply Direct Link To This Post Topic: can super be used as payout
    Posted: 20/March/2018 at 17:03
If you ex wants to have the house in their name and remorgage the house but you ask for a cash settlement and they can't get a loan for that amount are they able to access their super to pay you out?

DoogleMcFroogle View Drop Down
Senior Member
Senior Member
Avatar

Joined: 09/July/2013
Location: Australia
Posts: 140 		  Quote DoogleMcFroogle Quote  Post ReplyReply Direct Link To This Post Posted: 22/March/2018 at 12:04
Generally they wont be able to withdraw from their super and pay you out in cash ( it will be taxed if allowed - let it be their problem if so ).

Generally super can be transferred to you if you agree, NOTE: You will not be able to access the super transfer as cash - it will remain in your super fund until such time you retire ( or have age access )

Best to get cash.

mumof2girls View Drop Down
Newbie
Newbie


Joined: 24/November/2017
Location: Australia
Posts: 18 		  Quote mumof2girls Quote  Post ReplyReply Direct Link To This Post Posted: 22/March/2018 at 12:36
Thankyou for replying will look at all options not sure they can get a loan that big on their own..but will see

 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Want to save money?

Check out our list of do-it-yourself legal kits.

Need formal advice?

Let us help you find a lawyer who specializes in your particular area of law.

Need further information?

Visit our legal forum where you can ask questions and search for similar topics.