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What is a superannuation death benefit nomination?

When a person dies, in most cases their super fund pays their remaining super to their nominated beneficiary. Super paid after a persons death is called a super death benefit. If the rules of your super fund allow it, you can nominate the beneficiary for your super, by making a non-binding or binding nomination.

How do I nominate a pension beneficiary?

Add your nominees details To do this, just add their details to the boxes, including their name, date of birth, and contact details. You should also enter here the proportion (percentage) of how much of your lump sum you want to each give them.

What is beneficiary nomination form?

A beneficiary nomination form is a document that identifies the person or people that you chose to receive the benefits of a pension or life insurance policy in the event of your death. It ensures that the trustees or service provider know who to pay the benefits to.

How do I nominate a beneficiary for superannuation?

Your super fund should give you the option to nominate a beneficiary. Most funds ask you to do this by filling in a simple form during the application process, although you can often do this through your funds website.