It’s a good idea to nominate who you want your Super to go to in the event of your passing, as your superannuation is not automatically distributed as part of your will.
Types of nominations available
The type of nomination you choose will depend on who you would like to receive your benefits, and how certain you want to be that they’ll receive it.
You can choose from:
- a binding nomination – this is when you ‘bind’ the Trustee to distribute your benefits as you request (we explain what a valid request is below)
- a preferred (non-binding) nomination – this nomination provides an indication of your request but it’s not ‘binding’ on us to carry this out
- a reversionary nomination – a ‘binding’ nomination for pension accounts.