Welcome
print this page

Reversionary pension nomination (Pension Division only)

If you validly nominate a reversionary pension beneficiary the trustee will be bound by it. This means that we will pay your benefit as a pension in the way you nominate.

The person you nominate must be either:

  • a dependant of yours (for example your spouse, a financial dependant, or a person with whom you have an interdependency relationship) who is not a child or
  • child of yours (or your spouse’s) who is:
    • less than age 18 or
    • aged 18 to 24 inclusive and is financially dependent on you or
    • aged 18 or more and has a qualifying disability (broadly, this is a disability that is permanent or likely to be permanent and results in the need for ongoing support and a substantially reduced capacity for communication, learning or mobility).

To receive your benefit, the beneficiary you have nominated must meet one of the criteria listed above at the time of your death. If your reversionary pension beneficiary predeceases you, we will generally pay your death benefit to your estate.

In some cases, upon written request, the trustee will consent to reversionary nominations which are not catered for on the pension application form (e.g. because they are complex or because payment is contingent upon certain events occurring). If you wish to make a more detailed nomination please speak to your adviser.

Please note that a reversionary pension nomination can only be made when a pension is commenced.