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Q&A: Debt free - what next, DCA vs lump sum & what happens to super when you die

Australian Finance Podcast

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What Happens to My Super if I Die and Don't Have a Will?

Super is an asset that sits outside of your estate unless you bring it in. You can do a binding nomination or a nonbinding nomination on your super without having done a will. If you don't have one through the laws of Intestacy, which again goes through your family tree to find who you're most senior next of kin is. It forms part of the asset pool with everything else that you own and goes as per your will if you've got one. There are beneficiaries who are considered beneficiaries for tax purposes but then there's also beneficiaries who will have to pay tax on it.

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