Nominate a Beneficiary

It is important that you consider who you would like to nominate as a beneficiary of your superannuation in the event of your death.

SPEC Super asks that you nominate a “preferred beneficiary” upon joining the fund. This nomination of beneficiary is NOT BINDING upon the Trustee of the Fund, however, the Trustee will refer to your nomination of beneficiary and your will in determining to whom your benefits will be paid in the event of your death. You may change your preferred beneficiary at any time by completing a Change of details form.

Members of SPEC Super also have the option of making a BINDING nomination of beneficiary. A binding nomination of beneficiary is binding upon the Trustee of the Fund (i.e. the Trustee has no discretion as to whom your benefit is paid) providing the binding nomination is valid.

For a binding nomination to be valid the beneficiary must be a dependant (spouse, de facto, child, financial dependant, interdependent person) or legal personal representative (executor or administrator of your estate), your nomination must be signed by 2 witnesses who are not beneficiaries, and your nomination must have been made or affirmed within the past 3 years. If you wish to make a binding nomination, or amend or revoke a current binding nomination please use the Binding nomination form.

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