First-Super-Nominating-Beneficiaries-Factsheet-1

NOMINATING BENEFICIARIES
This fact sheet explains what happens to your super payout, and your insurance payout,

when you die. We know it™s not nice to think about, but it™s important to make sure you have
signed the right paperwork telling us your wishes, and we™re here to help you with that.
Most people assume their super, and any insurance they
have with their super, just becomes part of their estate when
they die Πbut that is not true.
First Super must follow strict super and tax laws to decide
who will get your super and insurance payments (known as
your ‚death bene˜t™). This includes considering your wishes
for how your money is paid out.
There are two different ways you can con˜rm your wishes: by
making a
binding nomination
or a
non-binding nomination
.
A valid binding nomination is legally binding, which means
First Super will pay your death bene˜t to the bene˜ciaries
you™ve told us to and in the percentages you have provided.
THERE ARE TWO WAYS TO CONFIRM YOUR WISHES: BINDING AND NON˜BINDING
BINDING NOMINATION
NON-BINDING NOMINATION
Legally binding paperwork. Valid details of your wishes
will be followed by the Trustee (First Super).
Not legally binding paperwork. Acts only as a guide for
the Trustee (First Super).
First Super pays your super to the people you nominate,
in the percentages you choose. You must nominate an
eligible dependant person (unless you nominate a ‚Legal
Personal Representative™).
First Super makes the ˜nal decision on who the
money goes to and in what percentages, based on your
dependants.
Make, change, or remove at any time
Make, change, or remove at any time
Must be updated / renewed every three years
Set and forget / never gets renewed
How To Submit Form:
Paper Only
How To Submit Form:
Online or Paper
STEPS TO COMPLETE A BINDING NOMINATION
Paper:
1.

Get a Nomination of Bene˜ciary Form from First Super.
2.

Fill in the form.
3.

Post the original copy of the form to First Super by
mail only to this address:

First Super, PO BOX 666, Carlton South VIC 3053
To be valid, the form must:

>
be witnessed by two other people who are aged 18+
and not listed as dependants on your form

>
be signed and dated by you and your witnesses at the
same time

>
be received by the Trustee before your death.
For full details about the rules for binding nominations
refer to the form.
STEPS TO COMPLETE A NON-BINDING NOMINATION
Online:
1.

Log in to your online super account via the
˚rstonline
member portal.
2.

In the top navigation, go to ‚My Details™ and then
select ‚Bene˜ciaries™.
3.

Click the ‚Update non-binding bene˜ciaries™ button,
˜ll in the information and click ‚SAVE™.
Paper:
Or you can mail or email the Nomination of Bene˜ciary
Form back to First Super using the following details:

mail@˚rstsuper.com.au

First Super, PO BOX 666, Carlton South VIC 3053

DID YOU KNOW?
If you open a pension account with First Super, or already have a pension account, there is

a third option called a ‚Reversionary Bene˜ciary™. This is where a bene˜ciary will continue to receive your super
pension payments in the event of your death. Read the
Pension PDS
at
˚rstsuper.com.au/pds
to ˜nd out more.

NOMINATING BENEFICIARIES ˜ PAGE 2
Important information:
The material contained in this bulletin is accurate and reliable as at August 2021.
This information is of a general nature only and does not take into account your personal circumstances or
situation. We recommend that you seek quali˜ed ˜nancial advice before making any investment decision. The
bulletin is provided by First Super Pty Ltd ABN 42 053 498 472, AFSL No. 223988, as the Trustee of First Super
ABN 56 286 625 181. If you intend to invest in or continue to hold this product you should obtain and consider a
copy of the Product Disclosure Statement which is available by phoning 1300 360 988.
First Super Pty Ltd
ABN 42 053 498 472
AFS Licence No: 223988
RSE Licence No: L0003049
First Super Pty Ltd

as Trustee of First Super

ABN 56 286 625 181
WANT TO KNOW MORE? WE’RE HERE TO HELP.
1300 360 988
(8am – 6pm weekdays, Melbourne time)
˚rstsuper.com.au

mail@˚rstsuper.com.au
Go to
˚rstsuper.com.au/advice
to see how our Financial Advice Team could help you.
THERE ARE FIVE TYPES OF BENEFICIARIES YOU CAN CHOOSE FROM
In a nutshell, there are ˜ve types of ‚bene˜ciaries™ you can list against your super account to receive your super and
insurance payments in the event of your death. You can select one or more from the options below and assign a
percentage of the payment you want them to receive using our Nomination of Bene˜ciary Form.
CHECK YOUR NOMINATION IS VALID
Knowing who counts as a bene˜ciary is not always clear. If
you™re unsure, take the extra step of getting in touch with
us before completing your nomination. This way, you can
be con˜dent your nomination is valid, meaning your wishes
must be taken into account by us.
Once you™ve made your nomination, it’s a good idea to check
it occasionally, in case it becomes invalid. This can happen
if, for example, the relationship between you and whoever
you™ve nominated changes, or they pass away before you do.
LET™S TALK
We can con˜rm your current nominated bene˜ciary details
(if any) and discuss the best way to update or change these
to suit your wishes. For help with this process or the form,
please call our Member Services Team on
1300 360 988
,

or email us at
mail@˚rstsuper.com.au
.
Spouse/Partner
Includes married
and de facto (same
or different sex)
relationships.
Children
Your children of

any age (including
step, adopted,

ex-nuptial or children
of your spouse).
Interdependent
Someone who lives with
you on a long-term or
permanent basis, where
one or both of you provide
˜nancial and domestic
support, and personal
care of the other. (A
closer relationship than
˚atmate, friend etc.
Could be an adult child
and ageing parent.)
Financial Dependant
Someone who relies
on you (totally or
partially) for ˜nancial
assistance or support.
For example, you pay
the bills, rent, etc.
Legal Personal
Representative
The executor of
your Will, or the
person responsible
for administering
your estate if you
do not have a Will.
This is someone
who does not meet
the de˚nition of a
bene˚ciary.

The First Super Nomination of Bene˜ciary Form is available from our website at
˚rstsuper.com.au/forms
or by
calling our Member Services Team on
1300 360 988
.