Get the free Super choice fund nomination form - The Portfolio Service

Super choice fund nomination form The Portfolio Service If you would like The Portfolio Service (TPS) Super Essentials or TPS Superannuation Plan to become your chosen fund, please provide the completed

How to fill out super choice fund nomination

How to fill out super choice fund nomination:

1. Obtain the necessary forms: The first step in filling out a super choice fund nomination is to obtain the required forms from your superannuation fund provider. These forms can usually be found on their website or by contacting their customer service department.
2. Read the instructions carefully: Before filling out the forms, take the time to read the instructions provided. This will ensure that you understand the process and any specific requirements or restrictions that may apply.
3. Provide personal details: The forms will typically ask for your personal details, including your full name, date of birth, and contact information. Make sure to provide accurate information to avoid any potential issues.
4. Nominate your beneficiaries: The main purpose of a super choice fund nomination is to specify who should receive your superannuation benefits in the event of your death. Take the time to carefully consider your beneficiaries and their relationship to you. You may need to provide their full names, dates of birth, and the percentage of your superannuation benefits they should receive.
5. Nominate a preferred binding or non-binding nomination: Depending on your superannuation fund's rules, you may have the option to make a binding or non-binding nomination. A binding nomination legally requires your superannuation fund to distribute your benefits according to your instructions. A non-binding nomination provides guidance to your fund, but they ultimately have the discretion to make the final decision. Make sure to indicate your preference clearly on the forms.
6. Seek professional advice, if needed: If you are unsure about the nomination process or the implications of your choices, it may be beneficial to seek professional advice from a financial adviser or a qualified superannuation specialist. They can provide guidance based on your specific circumstances and help ensure that your nominations align with your overall financial plan.

Who needs super choice fund nomination:

1. Individuals with a superannuation fund: Anyone who has a superannuation fund should consider completing a super choice fund nomination. This ensures that their superannuation benefits are distributed according to their wishes in the event of their death.
2. Individuals who want control over their superannuation benefits: By completing a super choice fund nomination, individuals can have control over who receives their superannuation benefits. This can be particularly important for those who have dependents or specific individuals they wish to provide for.
3. Individuals with changing circumstances: Life events such as marriage, divorce, the birth of a child, or the death of a beneficiary can significantly impact a person's intended distribution of their superannuation benefits. In such cases, it is essential to update the super choice fund nomination to reflect the current circumstances and ensure that the benefits go to the intended recipients.

Remember, it is important to regularly review and update your super choice fund nomination as needed to ensure that your wishes are accurately reflected.

For pdfFiller’s FAQs

What is super choice fund nomination?

Super choice fund nomination is a form where individuals can nominate the superannuation fund they want their employer to pay their super contributions into.

Who is required to file super choice fund nomination?

Employees who are eligible to choose their own super fund are required to file a super choice fund nomination.

How to fill out super choice fund nomination?

To fill out a super choice fund nomination, individuals need to provide their personal details, tax file number, and the details of the super fund they wish to nominate.

What is the purpose of super choice fund nomination?

The purpose of super choice fund nomination is to allow employees to have control over where their superannuation contributions are invested.

What information must be reported on super choice fund nomination?

The super choice fund nomination form must include personal details, tax file number, and the details of the chosen super fund.

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