When a relationship ends – especially later in life – it can entirely upend your money life. Separating couples often come out much worse off financially than if they’d stayed together, and this can particularly affect women, although men are not immune.  

That said, you can get through this with more fair of an outcome! Despite the separation process being emotionally, mentally and financially draining, there are some clear steps to take to come through it in the best shape possible with your wellbeing intact. 

How best to separate amicably, dividing what you own fairly?  

Our research shows couples going through a separation or divorce tend to: 

• Want a fair outcome, but often focus too much on the short term to get it all over with as quickly as possible 
• Forget to consider their long-term plans and how separating will affect their aspirations and wellbeing 
• Divide their assets informally at times, without legal or financial advice 
• Neglect to take KiwiSaver into account when dividing their assets  
• Experience less earning potential, particularly women who stepped back from their careers to become the primary caregiver at home 
• End up feeling financially uncomfortable. 

Take the time and the headspace now to consider your values carefully – not just what you value now, but what you will value in the future. Your long-term wellbeing is important, so use the steps in this guide and our tools as you make choices.