Separation or divorce is a stressful and upsetting time. It can also have a big effect on your finances. Taking control of your income, debts and spending can help you get your life back on track. Start by taking stock of your day-to-day finances, then work your way up to tackling longer-term money issues.

Your will, insurance and superannuation

Your will

After a relationship break-up you may need to update your will – particularly if you want to change any references to your ex-partner. Find out more about wills.

Your insurance

Your insurance policies may also need updating, especially your life insurance if you have children.

Your superannuation

Getting your retirement savings sorted after your relationship ends is an important step in planning for your future. If your partner was taking care of this, you may need to set up your own savings plan.

Note that if either of you contributed to KiwiSaver during your relationship, your savings could be counted as relationship property and will need to be divided along with your other assets.