Wed Sep 30 2009
'Dependants' means your spouse, children, people with whom you had an 'interdependent' relationship (this includes same-sex de facto partners) or those who depend on you financially.
Ask your fund for details. If it's paid to people who are not your dependants (for tax purposes this includes children over 18) it may be taxed.
Most funds let you nominate who you want your death benefit paid to, either as a 'non-binding' or 'binding' nomination.
Find out more. http://www.fido.gov.au/fido/fido.nsf/byheadline/What+happens+to+your+super+if+you+die%3F?openDocument
FIDO News is a monthly e-bulletin from the Australian Securities & Investments Commission, 1 Martin Place, Sydney, NSW, Australia, 2000.
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