Superannuation proceeds will not form part of your estate upon your death and the superannuation trustee of your superannuation fund will have a discretion to decide who the benefits will be paid to. That is unless you have made a valid binding nomination to your estate or a particular beneficiary whom you want the proceeds to go to, which must be a dependent who is defined under superannuation law.

There are various tax consequences depending who you wish to leave the proceeds to, including through your estate, and you should seek advice from a financial advisor as to whether any nominations to particular beneficiaries should be varied with regard to taxation, the ability to have the proceeds converted to a pension for your dependents, and whether it would be more beneficial to have your superannuation paid to your estate.

Contact us today for a Free Case Evaluation

Personal Information

  • This field is for validation purposes and should be left unchanged.

Level 1, Suite 105, 33 Lexington Drive,
Norwest Business Park, Bella Vista, New South Wales