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Beneficiaries
We regularly refer to a 'Nomination of Beneficiaries' but what does it actually mean to you as a member? A 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. This is restricted by law to your spouse, your children and people who are financially dependent on you. 1. Your parents may be your next of kin but you can only nominate them if they are financially dependent on you. 2. You can nominate your children even if they are adults and not financially dependent on you. This includes step-children and adopted children. Who is entitled to nominate? Every member of AESuper is entitled to make a nomination of beneficiaries (or beneficiary). How do I make a Nomination of Beneficiaries? Simply download our Nomination of Beneficiaries Form and send it in to us. Speak to one of our customer service staff on 1800 555 024 if you need any assistance or for a copy of the form. Validity Nominations are not valid if people other than your spouse, children or financial dependants are nominated.
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