Calculator

How to use:

• Enter the assets, superannuation and liabilities owned by you, your partner and any that are shared.
• Please don’t use commas; our calculator doesn’t like them!
• At the end, you can divide the balance with a number of ratios (for example 40/60) to see what different asset splits might mean for you and your ex-partner. Note this is an indicative estimate only and is not legal advice. What this split would actually be is the key question – that’s why finding out what is fair and equitable in your specific circumstances is so important.

Assets

Assets can refer to any item of significant value owned in the relationship.

Assets are many and varied and can even include items of sentimental value (for example cemetery plots, photographs, memorabilia and pets). Some of the most common are:

Liabilities

Liabilities must also be considered. This one is easy to overlook, but it’s just as important to establish any debts and liabilities that affect the financial pool.

Who should be responsible for the HECS debt one partner brought to the relationship? Or the credit card debt one partner accrued during the partnership? These are very important questions.

Common liabilities can include:

Superannuation

Superannuation is often a substantial asset in a relationship. It’s also a complex one that is governed by additional laws and can’t simply be converted to cash and divided in a financial settlement. Instead, a plan must be made for how it will be managed until retirement.