We all want to make things easier for our loved ones. That’s why it’s important to nominate beneficiaries. If something happens, your super benefit is paid according to your wishes.
To be valid, beneficiaries must be classed as your dependant, or legal personal representative (the executor or administrator of your estate).
A dependant includes:
- Your spouse (married or de facto partner)
- Your children (including step-children and adopted children)
- Anyone wholly or partly financially dependent on you
- Any person you have an interdependency relationship with
You are able to nominate any number of beneficiaries to receive your super benefit. You can split the total payout by choosing the proportion you wish to go to each person.