Who you can nominate as a beneficiary
Super can generally only be paid to people who are your dependants or to your Legal Personal Representative (the executor or administrator of your estate).
- your spouse or de facto spouse
- your children (including step and adopted children of your spouse)
- a person who lives with you in a close personal relationship and depends on you financially. They may provide you with:
- domestic support and
- personal care
You can’t nominate a friend or other relative to receive your super money, but you can make arrangements for your super to be paid to your Legal Personal Representative. Your Will would then determine who your super will be paid to.
Understanding binding and non-binding nominations
The difference between these types of nominations is important. It may change who gets your money.
Your fund must pay your super to the people you have nominated.
Make sure your nomination is valid by:
- Nominating a dependant or Legal Personal Representative.
- Filling out the form correctly
- Having it signed and witnessed
- Returning it to you super fund.
When you make a binding nomination, you also need to decide if you want it to be:
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- this nomination expires three years after you make it
- you'll need to reconfirm it before it expires
- your super fund will let you know before it expires so you can reconfirm it, unless you wish to change or revoke it
- this is a permanent nomination unless you revoke it
- you can make a new nomination in future, at any time.
Binding nomination claims are usually paid out sooner than:
- Non-binding nomination claims, or
- Where there's no nomination.
To make a binding nomination, you’ll need to complete a paper form. The form will need to be signed and witnessed and returned to Aware Super. It’s a manual process and can’t be done online.