text size
  • -
  • =
  • text size
  • +

Nominate who will receive your super

It’s important to consider who you want your retirement savings to go to if you pass away.

Super is not automatically covered in your will

If you want your super and insurance benefits to be distributed the way you want, you need to let your super fund know. This process is called nominating a beneficiary.

This video explains how it works.

Your options for beneficiary nominations

Nomination type

Non-binding Binding Reversionary
(TTR and Retirement Income accounts only)
A preferred recipient for your super or retirement income account, and any life insurance payable, when you pass away. This is a legally binding request your super fund must follow, provided it is valid.

The person/s receive any remaining super or retirement income, and any life insurance payable, when you die. Find out more in this video.

The nominated person will receive your ongoing retirement income payments when you die.

Pros and cons

Non-binding Binding Reversionary
  • acts as a guide for your super fund, but it can be broken if it doesn’t meet super/tax laws or is contested by family.
  • easy to change online
  • doesn’t expire
  • may forget to update if you change your mind about your beneficiary.
  • you can nominate more than one person, but rules apply for who is eligible
  • provides certainty so you know who will get your super
  • easy to set up – just fill out our form and have it signed by two witnesses
  • expires every three years
  • we’ll remind you to update it
  • you can nominate more than one person, but rules apply for who is eligible
  • regular payments after you die, reducing admin for your beneficiary during a stressful time
  • flexibility to change the way your beneficiary receives payments
  • you can only nominate one person
  • it doesn’t expire, so if your circumstances change and you don’t update us, your super may not go to your preferred beneficiary
  • it could impact your beneficiary’s Centrelink entitlements
  • tax benefits, depending on the age and financial position of your beneficiary

Who can you nominate?

Non-binding Binding Reversionary
  • spouse/partner
  • dependants
  • your legal personal representative (more details below)
  • spouse/partner
  • dependants
  • your legal personal representative (more details below)
  • a spouse or partner
  • a child who is:
    – under 18, or
    – an ‘adult child’ who is disabled or financially dependent under the age of 25.
Type of payment
Lump sum Lump sum Regular income payments or lump sum
How do I make a nomination?
Update nominations with firstonline
Nomination of beneficiary form
Nomination of beneficiary form
+ two witnesses must sign the form
TTR and Retirement Income account Nomination of beneficiary form

Who can be nominated as a beneficiary for super?

There are four types of super beneficiary you can nominate to receive your super and insurance payments if you die. You can select one or more from the options below and assign a percentage of the payment you want them to receive.

  • 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 o a long-term or permanent basis, where one or both of you provide financial and domestic support, and personal care of the other
  • Financial Dependant
    • Someone who relies on you (totally or partially) for financial assistance or support. For example, you pay the bills, rent, etc.

What if I want my super to go to someone else?

If the person you want to receive your super can’t be nominated as a beneficiary, don’t worry. While super doesn’t automatically become part of your estate, you can nominate your Legal Personal Representative to receive your death benefit and distribute it. This is the executor of your Will, or the person responsible for administering your estate if you do not have a Will. This gives you more options for who gets your super.

How to include super in your will

If you want your super to be distributed as part of your will, then it’s important to make a binding nomination to your Legal Personal Representative. On the form, you would put Legal Personal Representative as the beneficiary.

No FAQs Found


Seek financial advice

As part of your membership, if you’d like to speak with someone nominating beneficiaries, our financial planning team can step you through your options at no additional cost. Request an appointment online or call 1300 360 988 to arrange a consultation today.