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Make sure your loved ones are provided for
Your super doesn't automatically form part of your estate, and can't just be included in your Will, so it's important you let us know who you would like to receive your super if the worst should happen.
A binding death benefit nomination lets you decide who will receive your super (including any insurance benefit you may have) in the event of your death.
You can nominate one or more of your dependants, or your legal personal representative. Your nomination will be valid for three years and your annual statement or Member Online account will show whether you currently have a valid nomination in place.
For more information, read the Binding Death Benefit Nomination fact sheet and form (pdf).
Nominate who gets your super
A reversionary beneficiary is someone who will receive the money in your Income account if you pass away. You can choose one dependant to continue to receive regular income payments from your account. They can also take a lump sum withdrawal.
Your valid reversionary beneficiary nomination will always be taken into account over any binding death benefit nomination you have in place.
You can change or nominate a reversionary beneficiary by logging into Member Online.
Nominate a reversionary beneficiary
There are rules about who you can nominate to receive your super. Generally, a super beneficiary is someone who is dependent on you at the time of your death.
Includes same-sex and de facto partners.
Includes adopted children, step-children, and the children of your spouse.1
Your financial dependant
Someone who received regular financial support from you at the time of your death.
Someone in an interdependent relationship with you
If you are making a binding death benefit nomination, you can also choose to nominate your legal personal representative (the executor of your Will) to receive your super and distribute it according to your Will.
Once you've let us know, make sure you tell your chosen beneficiaries, too. This helps them know where to claim your death benefit.
You may be surprised what happens to your super when you die, as it can't just be included in your Will. Make sure it goes where you want it to.
If you haven't made a nomination at the time of your death, or your nomination is invalid, such as being out-of-date, in most cases your benefit is paid to your dependant/s or legal personal representative.
A financial adviser can help you make a nomination. Find out more.
Preparing a Will is one of most important things you can do for those you leave behind. It outlines how you want your estate (also known as your assets or net worth) to be distributed when you pass away.
If you would like to leave your super to someone who is not a dependant (for example, your parents, siblings, or a charity), you can nominate your legal personal representative in your binding death benefit nomination and highlight in your Will who you would like your super to go to.
Remember it is likely you'll need to update your Will throughout your life as your circumstances change.
Wills, estate planning and superannuation are complex subjects so getting some guidance from a professional, such as a solicitor or financial adviser, can help.
If you've chosen the spouse protection option for your Lifetime Pension, your spouse will continue to receive regular tax-free income payments for life after your death.
If you die before receiving income payments equal to the original purchase price, then our money-back protection means a death benefit may be payable to your estate or beneficiaries (subject to the government’s Capital Access Schedule regulations).
Because the spouse option on your Lifetime Pension takes priority over your binding death benefit nomination and you can't change this choice after your purchase, it's important to consider your choices carefully.
Find out more
If you have a State, Police or Parliamentary account, we are required to automatically pay certain benefits to your spouse or eligible children. These requirements are part of our governing rules, and are taken into account over an otherwise valid binding death benefit nomination.
Let us know who you would like to receive your super if the worst should happen.