You might’ve heard this week that new research from Super Consumers Australia has revealed more than a third of Australians haven’t nominated who should receive their super if they pass away.
Legal Practitioner Director Anthea McIntyre explained the difference between binding and non-binding death benefit nominations, and how superannuation is treated after someone dies.
The CEO at the Association of Superannuation Funds of Australia (ASFA) Mary Delahunty joined Breakfast to answer the question “Is the Australian super system too complex for the average person to navigate?”
But why is our super system such a maze?
Chris Strano, Founder of SuperGuy, broke down how to navigate the often confusing Australian super system.
And answers the question “Do you think the way super works right now makes it too hard for the average person to plan what happens to their super when they die?”