Update your beneficiaries online

26/10/2011
Provided by Lutheran Super.

While it may seem an uncomfortable subject, keeping your beneficiaries up-to-date is a vitally important aspect of your superannuation.

Your beneficiary nomination informs the Trustee to whom you would like your super to be paid in the event of your death while a Lutheran Super member.

There are two ways to nominate your beneficiaries:

  • You can make a binding death benefit nomination, which means the Trustee is legally bound to pay your super payout according to your nomination, or
  • You can make a preferred beneficiary nomination (the Trustee will not be legally bound by your wishes but will take them into account).


If you haven't yet made a binding death or preferred beneficiary nomination, or your previous binding nomination has exceeded the three year threshold*, you will now receive an alert when you log on to your online account.

To update your preferred nomination, simply sign in to your account – you'll need your member number (on your annual benefit statement) and PIN. If you can't locate your PIN, please call the Helpline for assistance on 1800 635 796, or, if you've provided an email address previously, you can reset your PIN from the sign-in page.

If your binding nomination is out of date, an "Update your beneficiaries" message will appear. To make another binding nomination, you'll need to complete and return another Making a binding death benefit nomination form. If you want to make a preferred nomination, you will be directed to the right area of your account to update your details.

For more information on your options, refer to the Membership Guide.

* Binding death benefit nominations cease to be valid after a period of three years from the date you made your nomination.

This information has been prepared by Lutheran Super for general information only. The information does not take into account your personal objectives, financial situation or needs. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should consult a licensed or appropriately authorised financial adviser before making any financial decision.
 

LCA Nominees Pty Ltd ABN 61 008 204 939 AFS Licence #240571, as Trustee for Lutheran Super ABN 93 371 348 387.

This website is provided by Mercer Outsourcing (Australia) Pty Ltd (MOAPL) ABN 83 068 908 912, Australian Financial Services Licence #411980. The Trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service.