I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Benefits

Super After Death

On the other hand, itís the reality that nobody lives forever, so it is a great idea to consider what you like to occur to your superannuation when you or people close to you arenít around any longer.

What occurs if I pass away?

When you pass away, your super benefit balance as well as any insurance benefit (or death benefit) is frequently paid to your legal representative or your dependents. If you do not have dependents, itís settled to your estate. It will also be handled according to whatís in your final will or by the lawful rules for individuals who pass with no will. With regard to super, dependents can take account of your current partner or spouse (including same-sex partners or de facto), your kids (including adopted children or step kids) or any other individual whoís financially reliant on you (for instance your mother-in-law who resides with you)..

An interdependent relationship can also be considered, which is described as one wherein you share an intimate personal relationship, share a house, as well as each or one of you offers the other monetary support and/or personal care and domestic support.

This emphasis on dependence is meant for super to take care of fund members as well as their dependents, either in superannuation or following the death of a member. Non-dependent individuals and fully-grown children who arenít financially dependent need to pay tax on these benefits, instead of the benefits being free of tax.

For more information about super after death, visit our site at www.australiansuperfinder.com.au

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