What is a Reversionary Pensioner

You can choose to have one of your dependants as your reversionary pensioner in the event of your death. This means that when you die, your Self Managed Superannuation Fund will continue to pay your pension account, as a pension, to the person you have nominated.

You cannot nominate a child as a reversionary pensioner unless they are either:

  • Between the ages of 18 and 25 and financially dependent on you immediately prior to your death or
  • Permanently disabled.

Once your child reaches 25, any remaining balance would then be paid as a lump sum amount, unless they are permanently disabled (in this case, it will continue as a pension until it runs out).

You must nominate your reversionary pensioner before your pension commences and nominations cannot be changed once your pension begins.

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