Divorce Asset Split Calculator Australia
About Divorce Asset Splitting in Australia
In Australia, the division of assets after separation or divorce considers all assets and liabilities, regardless of whose name they are in. The process typically involves listing all assets (such as property, vehicles, superannuation, savings, investments) and liabilities (mortgages, loans, credit cards), then deciding on a fair percentage split. Factors influencing the split include financial and non-financial contributions, future needs, and the length of the relationship. This calculator provides an estimate only and does not replace professional legal advice.
In Australia, the division of assets after separation or divorce considers all assets and liabilities, regardless of whose name they are in. The process typically involves listing all assets (such as property, vehicles, superannuation, savings, investments) and liabilities (mortgages, loans, credit cards), then deciding on a fair percentage split. Factors influencing the split include financial and non-financial contributions, future needs, and the length of the relationship. This calculator provides an estimate only and does not replace professional legal advice.
How to Use the Divorce Asset Split Calculator Australia
Step One: Enter the total value of all assets you and your former partner own, including properties, vehicles, investments, savings, and superannuation. Make sure to use current market values for accuracy.
Step Two: Input the total value of all liabilities, such as mortgages, loans, and credit card debts. This will be deducted from your assets to determine the net asset pool.
Step Three: Adjust the suggested split percentages for Party A and Party B. Common splits in Australia include 50/50, 60/40, and 70/30, but you can tailor these based on your unique circumstances, contributions, and future needs.
Step Four: Provide additional details, such as the length of your relationship and whether you have dependent children. These factors can influence the fairness of the split.
Step Five: Click “Calculate” to view an estimated division of your net asset pool. The results will show each party’s share in both percentage and dollar terms, along with a summary of the calculation process and an explanation of the outcome.