Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

Selecting a Beneficiary for Your Super

How to appoint a beneficiary

To ensure your superannuation fund knows what you would like to take place to your super once you are gone, you can select a “beneficiary.” Your beneficiary should generally be a dependent.

Your superannuation fund should provide you with the choice to appoint a beneficiary. The majority of funds request you to fill in a form during the process of application, though you can frequently do this via your super fund’s website. You can appoint more than one individual – you just have to state the benefit’s percentage that you’d like each individual to receive. This appointment can be either non-binding or binding.

Non-binding nominations

In making a non-binding nomination, your super fund’s trustee will decide about who to settle the death benefit to, however, it’s also lawfully obliged to decide who the dependents are as well as any other pertinent considerations once you die. The benefit will be settled to those deemed to be monetarily dependent on you, in some instances, this won’t be the individual or the people nominated.

Binding nominations

In making a binding nomination, your super fund’s trustee is lawfully required to settle the benefit to the individual/s you’ve nominated once you die, providing the nomination is legal once you die. Binding nominations usually only remain effective for 3 years.

Not all funds provide binding nominations, therefore you must ask your fund. This info can frequently be located on the website of the fund as well as in their statement of product disclosure. If you are considering to make a binding nomination, ask your fund for info, as it should meet certain requirements to be deemed as valid. Usually, if you do not have dependents qualified to get your benefit and don’t nominate, your benefit will be settled to your legal representative for your estate’s inclusion.

What happens if I do not make a nomination?

If you do not nominate someone, your fund’s trustee will decide who gets your benefit. The trustee needs to pay the benefit either to your dependent/s or to the estate for distribution as stated by your will, or both.

If you have more inquiries about how to find a beneficiary for your super, feel free to consult with us at 1300 252 167

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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