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 firstname.lastname@example.org
If your needs are more complex, we can put you in touch with a financial adviser from Mine Super Financial Advice.