In the event of your death, your super or pension can be paid as a single payment to a dependant or your Legal Personal Representative (LPR), who is the executor or administrator of your estate.
- your spouse or de facto partner
- your children (including adopted and stepchildren)
- someone you are in an interdependent relationship with, or
- someone who is financially dependent on you.
Alternatively, your super or pension can be paid as a pension to a dependant. However, most adult children and your LPR are not allowed to receive your super as a pension in the event of your death.
If your nominated dependant is a child, they are only eligible to receive your superannuation as a pension if, at the time of your death they are:
- Under the age of 18; or
- 18 or over and they are also:
- under 25 and financially dependent on you; or
- permanently disabled (specific criteria apply).
In all other cases a child may only receive your superannuation as a single payment upon your death. If this is the case, you cannot nominate them as a reversionary beneficiary.