The Hidden Cost of Divorce

SUNCORP Superannuation The hidden $uper cost of divorce For many Australian divorcees, the age they'd love to retire might not be the same as the reality. But for divorcees who've not considered their superannuation during their settlement, the difference could be a decade longer in the workplace. DREAMS VS REALITY Divorcees and married people generally dream of retiring at the same age But not taking super into account after divorce can add 10 YEARS to your working life 65-69 -75+ When surveyed, the most common realistic retirement age for married couples is between 65-69, while for divorcees it increases to 75 years or older UNTYING THE KNOT 45 42 Average age of divorce $128,000 $42,000 The average male's The average female's super at 45 super at 42 super is normally the second biggest asset after the family home And your partner may be entitled to part of your super THE FORGOTTEN ASSET 11111 Only 1 in 6 divorcees take their partner's super into account in the divorce Family car(s) Partner's income Property 69% Children 47% 32% 22% Partner's super Partner's investments The family pet(s) 17% 12% Sources: Designed by Bite Digital (www.biteus.net) Suncorp Research Report- Untying the Knot July 2013 www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/4125.0Jan%202013?0penDocument %24 %24