Non-binding beneficiary nomination | Binding beneficiary nomination | Non-lapsing beneficiary nomination | Reversionary beneficiary nomination | |
---|---|---|---|---|
Is a valid nomination binding? | No, but the fund may consider this to determine who should receive the death benefit. | Yes | Yes | Yes |
When can a nomination be made? | Any time | Any time | Any time | Only when you open your pension account* |
Can the nomination be changed or updated? | Yes | Yes | Yes | No* |
Will the nomination expire after any period of time? | No | Yes, after 3 years | No | No |
Who can be nominated? | A dependant or legal personal representative | A dependant or legal personal representative | A dependant or legal personal representative | A dependant (certain restrictions regarding nominating children apply) |
Unexpected events
Returning to work after you’ve retired and accessed your super
Most retirees can return to work after accessing their super but there are things to consider.
Unexpected events
Unpaid super
Read about what you can do if you have unpaid super, when employers need to pay your super, and the Super Guarantee charge for unpaid super.
Unexpected events
The insurance in your super – when to review and update it?
When was the last time you checked your insurance cover through your super?