Today, we're discussing how to break up financially—not just with a significant other.

Breakups are challenging, and they aren't limited to romantic relationships. Whether you're parting ways with a service provider like a personal trainer or financial adviser, or even becoming financially independent from your parents, there are strategies to help ease the transition and handle the situation effectively.

Key Questions Discussed:

• How do you professionally end financial relationships with service providers?
• What steps should you take before making a financial break?
• What are your legal rights regarding relationship property in NZ?
• How can you prepare financially for a relationship separation?
• What common mistakes should you avoid during financial separations?
• How can you maintain financial independence in relationships?

Resources

• Learn more about Relationship Property here
• Independent UK Article
• Te Ara Ahunga Ora Retirement Commission

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz