Member Information
Beneficiaries
We regularly refer to a 'Binding Nomination of Beneficiaries' but what does it actually mean to you as a member?
What is a Binding Nomination of Beneficiaries?
A Binding Nomination of Beneficiaries is a method of recording your preferences to the Trustee about the people to whom your benefit is to be paid in the event of your death.
Who can be a beneficiary?
Your beneficiaries are the people you can leave your super to. Your beneficiaries are restricted by law to your spouse, your children and people who are financially dependent on you.
- Your parents may be your next of kin but you can only nominate them if they are financially dependent on you.
- You can nominate your children even if they are adults and not financially dependent on you.
Who is entitled to nominate?
Every member of Accountants Super is entitled to make a binding nomination of beneficiaries (or beneficiary).
How do I make a Binding Nomination of Beneficiaries?
Simply download our Nomination of Beneficiaries Form and send it in to us. Note that this form is a legally binding document so it must be signed by two witnesses (who are both over 18 years and not listed as beneficiaries) as well as you.
Speak to one of our customer service staff on 1300 651 331 if you need any assistance or for a copy of the form.
Validity
Binding Nominations are only valid for three years.
Nominations are not valid if people other than your spouse, children or financial dependants are nominated.
You can learn more in our Change of Nominations Fact Sheet.