Hi All
I'm going through a separation of a long-time defacto relationship. I'd like to hold onto the house if at all possible. My super balance is about 250K. How much of that balance can I use to pay her out? She's 64, on a disability pension, and unlikely to work again - would she be able to access the superannuation funds immediately? Would she pay any tax if she withdrew the full amount as cash immediately (for example, if she wished to use it to purchase another property)?
Thanks for your help. Frodo
I'm going through a separation of a long-time defacto relationship. I'd like to hold onto the house if at all possible. My super balance is about 250K. How much of that balance can I use to pay her out? She's 64, on a disability pension, and unlikely to work again - would she be able to access the superannuation funds immediately? Would she pay any tax if she withdrew the full amount as cash immediately (for example, if she wished to use it to purchase another property)?
Thanks for your help. Frodo
