FinancialAustralia
Superannuation
Superannuation — often called 'super' — is Australia's compulsory retirement savings system. Critical point: your super is not covered by your will. You need a separate binding death benefit nomination to tell your fund who receives your super. This nomination can lapse every three years. Check it annually.
In short
Your superannuation is not covered by your will in Australia. You need a separate binding death benefit nomination — and it lapses every three years. Check it annually.
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