Your pension beneficiary options

Most of our pension products let you leave your money to a loved one, but some of the details differ depending on the type of pension you have with us.

It’s important to let your Executor and/or loved ones know that you have a UniSuper pension so we can pay any beneficiaries. To notify us of a UniSuper members’ death, call us on 1800 825 246.

If you’re not sure which pension you have, log in to your account, check your statement or give us a call on 1800 331 685.

Jump to information for:

Flexi Pension members

You can choose who to leave your pension to. There are three types of beneficiaries, each with different rules and eligibility requirements. You can change your nomination at any time.

Reversionary beneficiary

You can nominate one person who is either: 

  • your spouse
  • your child:
    • aged under 18
    • aged between 18 and 25 and financially dependent on you, or
    • with a disability according to the Disability Services Act 1986 (Cwlth).
  • someone who is financially dependent on you or interdependent with you.

Your beneficiary will generally receive your pension as regular payments until your balance reaches $0, but there are some extra rules if you nominate your child.

For more information and to nominate your reversionary beneficiary, download the reversionary beneficiary fact sheet (PDF, 175KB).

Binding beneficiary nomination

You can choose one or more eligible beneficiaries to receive the balance of  your pension as a lump sum in the portions you choose.

To find out more or to make a binding nomination, download the binding beneficiary nomination fact sheet and form (PDF, 481KB).

Non-binding beneficiary nomination

You choose your preferred beneficiaries but we’re not bound by your choice. We’ll take into consideration your choice as well as the relevant laws at the time of your death when deciding who will receive your money.

Log in to your account to nominate your non-binding beneficiaries.

Defined Benefit Indexed Pension members

If you have a spouse, they will automatically receive 62.5% of your pension as a regular payment for as long as they live.

Any dependent children or children with a disability may also be eligible to receive a portion of your pension.

Download the Defined Benefit Indexed Pension PDS (PDF 1.86MB) for more details.

Commercial Rate Indexed Pension members

There are two types of Commercial Rate Indexed Pension beneficiaries, each with different rules.

Download the Commercial Rate Indexed Pension PDS (PDF, 3.3MB) for the full beneficiary criteria.

Single life Commercial Rate Indexed Pension

You can’t choose a beneficiary as your pension will end when you die. But, if you die within your guarantee period, we’ll pay a residual lump sum to your legal personal representative.

Joint life Commercial Rate Indexed Pension

You can nominate only your spouse when you open your pension. They’ll receive your money as a reversionary pension for the rest of their life. If your spouse also dies within the guarantee period, we’ll pay a residual amount to their legal personal representative.

Your nomination is binding and you can’t change it. However, if they’re not your spouse when you die, they will not receive your pension. If you die within your guarantee period and aren’t with your nominated spouse, we’ll pay a residual lump sum to your legal personal representative.

We're here to help

If you have any questions about your pension, call us on 1800 331 685 or email us.

If you need more information about choosing beneficiaries and what best suits you, our UniSuper Advice team can help you make sure there aren’t any unintended consequences for you or those you leave behind. Call UniSuper Advice on 1800 823 842 or email us.