If you die while there is still money in your super account, that money (and any insurance benefit) will be paid to your beneficiaries (which can be one or more of your dependants or the legal personal representative of your estate).
If no nomination is made, TWUSUPER will contact all potential beneficiaries after being informed of the death.
You can nominate your beneficiaries by making a binding or non-binding nomination.
Who can be a beneficiary?
A beneficiary can be one or more of your dependants, or your legal personal representative (the executor of your will or the administrator of your estate). A dependant is defined as:
- your spouse* (of either gender, married or de facto)
- your child (including step, adopted, ex-nuptial, or child of a same sex relationship)
- a person who has an interdependency relationship with you at the time of your death
- a person who was wholly or partially financially dependent on you at the time of death.
For more information on who you can choose as a beneficiary, see our Nominating beneficiaries fact sheet.
Non-binding nomination of beneficiaries
A non-binding nomination can be updated at any time online through Member Online or over the phone by calling 1800 222 071 between 8am and 8pm (AEST/AEDT) weekdays. This means that the Trustee will consider your nomination when deciding who will receive your death benefit.
A non-binding nomination stays in place until you decide to change it.
Binding nomination of beneficiaries
If you make a valid binding nomination (and that nomination is still valid at the time of your death), the Trustee must pay the death benefit according to your instructions. A binding nomination must be made in writing using this form.
A binding nomination has to be updated at least every three years - we'll let you know when it's about to expire, so be sure to check your contact details are up to date. You can update your details through Member Online.
If a binding nomination expires or is invalid, it becomes a non-binding nomination.
* The law defines a spouse as another person (whether of the same or different sex) who is legally married to you, or a person who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple.