Having a clear plan in place if something should happen to you can help ease the stress and anxiety for our loved ones at a difficult time.
Your super can provide you with a regular income throughout your retirement. However, your super savings (which may be a large sum of money) may outlive you.
This is where having a clear plan and nominating a beneficiary is important. A beneficiary is someone who you can nominate to receive your super savings when you die, such as your spouse or children. It’s also a good idea to understand your Aged Care options should you need help at home, require assistive equipment and technology, or need after-hospital and nursing care.
Choosing who will receive your super is important and helps your loved ones to continue with life without you.
You can nominate beneficiaries to receive your super, nominate a beneficiary to receive your pension (known as a revisionary beneficiary), or both.
Understanding how Aged Care services work before you need it can help you and your loved ones during a difficult time.
Discover your options with home and residential care and get advice from our aged care advisers.
Discover more about living in retirement
Things you need to know1 Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872/AFS Rep No. 1280401 Chant West Awards issued 25 May 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Awards are current for 12 months and subject to change at any time. Awards for previous years are for historical purposes only. Full details on Chant West Awards at https://www.chantwest.com.au/fund-awards/about-the-awards/