Like many Australians, your employees may not know that their super money isn’t covered in their will. It’s important they take steps to protect all those years of hard work and savings.
And good news—we’ve recently introduced a new way for employees to ensure their super ends up in the right hands.
A new way to nominate beneficiaries
Employees can now make a non-lapsing binding nomination, which means they only have to nominate their beneficiaries once—there’s no need to renew them every three years.
But remember, it’s important they regularly review their nominations if their personal circumstances change.
It’s easy to set-up
All your employees need to do is complete and sign a beneficiary nomination form—in the presence of two witnesses who are not beneficiaries—and then send back to us. They can also login anytime, anywhere to My AMP to check their super details are up-to-date.
We’re here to help
We’ll be letting your employees know about this new option directly, but in the meantime, they can learn more about specifying beneficiaries in our article What happens to my super when I die?
If you have any questions, please contact your account manager.