Nominate a beneficiary

Your BT super or pension can be paid to a person of your choice if you die before you collect it.  To ensure this occurs in accordance with your wishes you need to nominate a beneficiary.

There are three different types of nomination:

• Binding death nomination
  Binding nominations ensure your benefit is paid to your nominated beneficiary in the event of your death, and cannot be overruled by the trustee(1). For a binding nomination to be valid, your beneficiary must be a dependant or legal personal representative at the time of your death. A nomination is only valid for three years from the date in which it is signed(2) but can be reviewed at any time. All you need to do to make a nomination binding is have it witnessed and signed as outlined on the form.
• Trustee discretion
  You can nominate a dependant to receive your benefit on your death but if your nomination isn’t binding, the Trustee isn’t obliged to follow your wishes. The Trustee will still take your nomination into consideration, but must evaluate all known dependants (whether nominated or not) in their decision.  
• No nomination
  If you haven't nominated a beneficiary, your benefit will be paid to your Legal Personal Representative for the benefit of your Estate.
  
  Your nominated beneficiary must be your spouse, de facto spouse, child or another person who is financially dependent on you at your death. You can only select a reversionary pension when you commence your flexible pension. If you wish to change your nominated beneficiary you will be required to commute and recommence your pension, as selecting this option may impact the calculation of your annual deductible amount.

 ¹ For the BT Superannuation Investment Fund and BT Superannuation Savings Fund the nomination only becomes valid and binding once the trustee has approved your most recent nomination.

² Not applicable for the BT Superannuation Investment Fund and BT Superannuation Savings Fund.

To nominate a beneficiary you need to complete the relevant form which you can download below - don't forget to include signatures from two witnesses if you wish to make your nomination binding.

Select the right nomination form for your superannuation.

If you can't download or print the form, contact us to ask for a form to be sent to you.