specialist services contact us
1 organise finances
2 understanding your financial options
3 after the financial settlement

after the financial settlement

Once you have an idea of where you are now and what your options are, it’s time to consider getting professional financial planning advice.

Our advice is always contained in a Statement of Advice. This is a formal document which details your financial adviser’s recommendations on your broad financial strategy, right down to the specific funds you should consider.

We make recommendations, but the final decisions rest with you. And who puts them into action is something you can discuss with your adviser.


decision time

Some of the specific questions you’ll face are:

which super fund should you use?

Superannuation included in a settlement will generally remain in the superannuation system, which you can’t access until preservation age or retirement. (Financial hardship is another condition of release.)

You ipac adviser will review your super funds’ fees and its performance and recommend the best fund. And your investment approach and asset allocation should match your attitude to risk, not your ex-partner’s.

which assets should you sell? Which should you buy? 

Your most important asset is your home. Keeping the family home might be the most stable option, although it could mean trying to manage a large mortgage and the cost of maintenance on your own. Our calculations can help you make a sensible decision about whether to sell the home, buy again or rent, and the price range to consider when looking for a new one.

estate planning

After all this planning, it would be a shame if your estate ended up going where you didn’t intend it to.

Estate planning involves considering what is the best way to allocate your assets after your death.

Updating your Will is important.

Some assets will pass in accordance with your Will and others will not eg your superannuation may bypass your Will. It is vital to update your Will and super beneficiaries to ensure your assets end up where you want them to and not with your ex instead of your children, particularly if they are under age 18.

There are different tax implications for beneficiaries of your super and insurance depending on whether they are dependants or non-dependants which you need to understand. It will affect how you structure your super, Will and insurance.

You should consider setting up a testamentary trust(s). There are tax benefits which help ensure your assets and the associated income are distributed in a tax-effective way. They can also protect your beneficiaries from debts, legal action, spendthrift children, their partners and others taking control of your money.

what insurances do you need?

Now you are on your own you need to be able to look after yourself, and your children.

Of course both of you need to be properly insured, but it might be hard to force your former partner to insure themselves to cover any child support or maintenance which will be lost if they suffer a serious disability or death.

This means you may need life insurance, total and permanent disability insurance and income protection beyond what your superannuation provides to cover yourself and your family.


how ipac can help

It’s a brave new life you’re about to enter, both emotionally and financially.

ipac advisers are experienced in dealing with financial settlements and working with you sensitively and professionally. Our advisers charge on a fee-for-service basis and will guide you towards the best solution for you, your family and your future.

Your ipac financial adviser will help you sort out your share of the super, invest for income and arrange your insurance. This relationship needn’t end there. Laws, tax rates, Centrelink entitlements, superannuation and life keep changing and staying one step ahead is an important part of planning.

ipac advisers are experienced in dealing with financial settlements and working with you sensitively and professionally. Our advisers charge on a fee-for-service basis and will guide you towards the best solution for you, your family and your future.

useful resources


AMP’s budgeting tool

If you need help with your budgeting we have calculators which can step you through:

AMP’s budgeting tool

maximise your benefits

There is a useful government site which helps you understand the child care benefits you might be entitled to.


australian securities and investment commission

Australian Securities and Investment Commission’s (ASIC) moneysmart website has budgeting calculators for download:

visit moneysmart

let us call you

Providing us with a brief reason for call will streamline our call back process and ensures you have the correct ipac representative handling your enquiry.

Your privacy is important to AMP and to ipac. You may request access at any time to your personal information held by AMP by calling 1300 157 173 or by contacting us direct. Information collected by AMP will be subject to AMP’s Privacy Policy available by clicking here.

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