NZ Matrimonials

SHORTCUTS
Site Map Master Trust Survey NZ Matrimonials
CONSULTANTS
Actuaries Jonathan Eriksen Graham Osborn Investment Consultant Alan Austin Superannuation & Systems Ian Gatland Matthew Jenkinson
CONTACT US
Email auckland@eriksensglobal.com Auckland, NZ Ph + 64 9 486 3144 Fax + 64 9 486 4413 Wellington, NZ Ph + 64 4 470 6144 Fax + 64 4 470 6145

Matrimonial Property - Valuation of Superannuation

An actuary's valuation of one or both spouses' superannuation benefits may be required during division of matrimonial assets. If the separation occurred prior to February 2002 the valuation method is governed by the Matrimonial Property Act. Separations after that are governed by the Property Relationships Act 2002.

Broadly, the method is to calculate the benefit due to the member as at the earliest date they would be entitled to retire under the rules of the scheme. The value of this benefit is then discounted back to the date of separation. The benefit is then divided between the parties on the basis of the length of the relationship in the case of separations since February 2002, or the length of marriage prior to that. If the member is already retired, or entitled to do so, then their entitlement is valued at the date of separation.

Eriksens have had extensive experience in valuing superannuation benefits and can also provide actuaries expert witnesses for court hearings if required. Fees for a routine valuation start from NZ$350 + GST with the actual fee depending on the complexity of the work required. To request a valuation download the Request Form (Click 'Cancel' if your browser asks for a user name or password - it should then download) and then email, fax or post the completed form to our Auckland office. You will need Microsoft Word to print or complete the form.

If you require further information, please email us or contact our Auckland office directly, ph +64 9 486 3144.

Valuation of Life Interests and Reversions

Life interests occur when someone is entitled to some benefit which terminates with their death. They commonly occur as the right to occupy a property or dwelling for the rest of the beneficiary's life.

If the parties involved wish to "buy out" the beneficiary's remaining interest then an actuary's report is often required to establish the value.

If you require a life interest to be valued we suggest that you email or contact our Auckland office (ph +64 9 486 3144) to see how Eriksens might assist.

Valuation of Lost Earnings

Loss of earnings considerations occur when something happens to prevent a person from working at their normal job or occupation when they might have otherwise have expected to. They commonly arise when the person has a serious accident or is unfairly dismissed.

Eriksens have provided actuarial support (including expert witnesses) to the legal teams involved in a number of high profile loss of earnings cases. Email or contact our Auckland office (ph +64 9 486 3144) to discuss the way in which we might be able to assist in any current or potential valuation.

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All care has been taken to provide correct and up to date information here, however no assurance is given as to its accuracy, or relevance in any specific situation.