Death Benefit Nomination

What happens to your superannuation when you die?

Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.

How a death benefit nomination protects your superannuation

What are the three most valuable assets you own?

I’m guessing your house is at the top of the list. After that you might have your car, a caravan or boat, or even an investment property. But chances are you’ve forgotten an asset that’s more valuable than pretty much everything else on the list (other than your house).