Your super will grow to become one of your most valuable assets so it’s important to think about who it would go to in the event of your death.
Make your decision count
A binding nomination is the way you can tell us who to transfer your super balance to when you die. Without it, we may be left making assumptions about where you would have wanted your super to go.
Having a nomination in place means that your super will be paid out to your loved ones much faster, meaning less stress on your family during an already-difficult time. See how Steve helped to ensure that a member’s super was paid to the right person.
Things to consider:
Your will may cover assets you own, like your house, car and personal items – but it won’t automatically cover your super
Binding nominations expire every three years, so make sure yours is up-to-date. If your situation changes (like marriage, divorce, or having a child) you may need to create a new binding nomination.
Who can it go to? You can nominate that your super is paid to:
Your child or children
A legal personal representative
Anyone who is financially dependent on you
Anyone you share an ‘interdependency relationship’1 with.
How do I make a Binding Nomination?
Simply complete, sign and return the Binding death benefit nomination form and we will take care of the rest.
Check your beneficiaries are eligible to be nominated.
If you’re nominating a legal personal representative, make sure your will is up to date.
*Two persons have an interdependency relationship if: They have a close personal relationship, and they live together, and one or each of them provides the other with financial support, and one or each of them provides the other with domestic support and personal care.