Reversionary Pensions

A reversionary pension is a retirement income stream that automatically reverts to a beneficiary should the original pension recipient pass away.

In the event that the original pension recipient passes away, the remaining pension balance is not paid to the deceased’s Estate.

The deceased’s Will or any superannuation death benefit nominations are irrelevant when determining who shall receive the remaining pension balance when the original pension owner dies.

Instead, a reversionary pension will automatically revert to the person nominated as the reversionary beneficiary of that specific income stream.

Should a person have multiple pension income streams, it is possible to have different beneficiaries for each pension.




Binding Death Benefit Nomination Pros & Cons

There are a number of advantages and disadvantages of superannuation binding death benefit nominations. A superannuation binding death benefit nomination is akin to a Will for your super. Your Will does not control who receives your super if you die. The distribution...

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Reversionary Pension Beneficiary

A reversionary pension is an income stream pension that automatically passes to the reversionary beneficiary upon death of the original owner of the pension. A reversionary pension beneficiary is a person who will receive an income stream pension when the original...

read more

Binding Death Benefit Nomination Pros & Cons

There are a number of advantages and disadvantages of superannuation binding death benefit nominations. A superannuation binding death benefit nomination is akin to a Will for your super. Your Will does not control who receives your super if you die. The distribution...

read more

Reversionary Pension Beneficiary

A reversionary pension is an income stream pension that automatically passes to the reversionary beneficiary upon death of the original owner of the pension. A reversionary pension beneficiary is a person who will receive an income stream pension when the original...

read more