Nominate my beneficiary

Make sure your super ends up in the hands of the person you choose

You choose where your money goes

It's likely your super will be one of your largest assets. So, in the event the worst should happen to you, deciding who should receive your super will eliminate ambiguity and make a difficult time that little bit easier for your loved ones.

Why do I have to nominate a beneficiary?

Things can get complicated if you don't nominate who will receive your super - known as beneficiaries. This is because the way your super is paid out after your death is a little different to other financial assets.

Even if you outline your wishes in a will, your super doesn't automatically form part of your estate. Instead, your super is distributed under the rules of your super fund.

That's why keeping your nomination details up to date to reflect any changes in your personal circumstances is so important

What is a binding death nomination?

Having a valid and current binding death nomination ensures that when you die, your super will go to the person - or people - you choose. It is called ‘binding' because it means you can be certain the trustee will pay your super to the beneficiaries you choose and in the correct proportions.

There are a few important things you need to know about binding death nominations:

  • Binding nominations expire every three years - we will send you an email or letter when it's time to confirm your nomination.
  • The definition of an eligible dependant is restricted to a spouse, child, or a financial dependant.
  • The binding nomination can only be in writing.

Who can be my beneficiary?

A beneficiary is the person - or persons - who is paid your super following your death.

  • Your spouse or partner
  • Your children
  • Someone with whom you have an interdependency relationship
  • Anybody financially dependent at the time of your passing
  • Your estate or legal representative

You cannot nominate pets or organisations as beneficiaries.

Even if your will outlines your wishes, we still need a valid binding nomination to release your super the way you want, including if this is to your estate or legal personal representative.

We recommend you seek professional financial advice when considering your binding death benefit nomination.

How do I make a binding death nomination?

You will be asked to nominate your preferred beneficiaries when you first join VISSF. You can also change your nomination any time by completing our binding death benefit nomination form. 

To find out who is your current beneficiary, check your last super account statement or log in to Member Online.

We recommend reviewing your nomination every time your circumstances change for example if you divorce, separate, re-marry, have children or if your beneficiary is no longer alive.

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