Superannuation is generally a protected asset in bankruptcy. If you file for bankruptcy, your trustee generally can’t access your super to pay out your creditors.
Regular contributions are the key
Out-of-character transactions involving contributions to the individual’s superannuation fund prior to bankruptcy, which would supposedly stop the property becoming a part of the bankrupt estate, can be voidable against the trustee in bankruptcy.
You should talk to us today about how super can help you create and protect wealth.
The information provided above is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.