Who can be my beneficiary?
A beneficiary is anyone who receives the payout from your super fund when you die. You can nominate one or more beneficiaries if your super fund allows it. Eligible beneficiaries include:
- your spouse or partner
- your children
- anybody financially dependent on you when you die
- an interdependent
- your estate or legal personal representative - known as an executor.
If you nominate your estate or legal personal representative, you can then specify in your will how to distribute your super money. It’s important that the information stated in your will is up to date, so your legal personal representative pays out your super money as per your instructions.
How to nominate a beneficiary
You can nominate a non-lapsing beneficiary for your AMP super account securely online via My AMP.
To nominate, review or update beneficiaries, follow these steps:
1. Log into My AMP.
2. On the 'Superannuation' page, select 'Update my beneficiaries' from the 'I want to' menu
3. Add or update your non-lapsing beneficiary.
All new beneficiary nominations for your AMP super account will be non-lapsing nominations.
Non-lapsing nominations do not expire and will continue to apply until you choose to update it or if certain events happen, for example you get married, divorced or any nominated beneficiary dies. It is important to review your non-lapsing nomination regularly to make sure it’s still appropriate.
If you need help, please feel free to call us on 131 267.
What happens if I don't nominate a beneficiary?
If you don't nominate a beneficiary, the trustee will follow the relevant fund rules and must pay your death benefit to your estate. If the trustee cannot pay your estate, it may use its discretion to determine the beneficiaries.
Nominations checklist:
- check those you’re nominating are eligible
- if you plan to nominate your legal personal representative, make sure your will is up to date
- complete and sign a nomination form or you can nominate a non-lapsing beneficiary securely online without the need for a witness via My AMP.
What you need to know
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.
Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable. Full details are available in the Fees and charges guide.
This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.
A target market determination for these products is available on our TMD page.
The super coach session is a super health check and is provided by AWM Services. It is general advice conversation only. It does not consider your personal circumstances.
The retirement health check is a general advice conversation only, provided by AWM Services to eligible members of the AMP Super Fund.
Simple Super (Intrafund) advice is provided by AWM Services Limited (AWM Services) ABN 15 139 353 496, AFS Licence No. 366121 (AWMS) to eligible members of the AMP Super Fund. AWM Services is a wholly-owned subsidiary of AMP. This service may not be offered where it is deemed it is not within the scope of the service or your best interest.
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