When you assume… Make sure you check your superannuation for this fine print

When you assume… Make sure you check your superannuation for this fine print

Do you know what will happen to your superannuation on your passing? Even if you have a Will in place, you can’t assume your superannuation benefits (including any life insurance you might hold within superannuation) will be gifted where you’ve directed.

It seems roundabout, but superannuation laws and estate planning rules aren’t aligned, which means your superannuation won’t always pass under your Will. In fact, if you haven’t made a Binding Death Benefit Nomination (BDBN) your superannuation fund could end up having the power to decide where your benefits get paid.

If you want peace of mind that your superannuation will pass to those you intend, take advantage of our complimentary superannuation and investment review with our financial planning partner, Liberum Financial. Please contact Angela Chen if you’d like to discuss the review or your personal circumstances in more detail.