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Australians must update superannuation beneficiary nominations to ensure funds go to intended recipients after death.
In Australia, ensuring your superannuation funds go to the right person after death requires a valid beneficiary nomination.
Super funds are not covered by wills, so it's crucial to update nominations, especially after life changes like divorce or having a child.
There are four types of nominations: lapsing, non-lapsing, non-binding, and reversionary.
NGS Super advises reviewing and updating nominations regularly and consulting professionals for guidance.
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Los australianos deben actualizar las nominaciones de beneficiarios de la jubilación para asegurar que los fondos vayan a los destinatarios previstos después de la muerte.