Nominating a beneficiary can help make sure your benefit, including your account balance and any insurance cover you’re entitled to goes where you want it to in the event that you were to pass away. You can make a non binding, or a binding nomination, and you can only nominate certain people as your dependants. Find out more about the rules in our factsheet.
Things to consider
Your nomination will continue to apply unless you cancel or change it (or, if you make a binding nomination, it expires), so it’s important to update it if your circumstances change, such as separating from your partner, marrying or having children.
If you’re unsure, don’t forget we’re here to help. You can give us a call on 13 64 63 or email email@example.com
If your needs are more complex, we can put you in touch with a financial adviser from Mine Super Financial Advice.
Changes to anti detriment payments
From 1 July 2017, government super changes mean anti detriment payments are no longer paid. Previously, these payments refunded contribution tax to an eligible beneficiary following a member’s death. If a member passed away before 1 July 2017, and a beneficiary makes a claim before 30 June 2019, they may still be eligible to receive an anti detriment payment.