Are you currently receiving a pension and have a spouse or considering commencing a pension? Do you know what a reversionary pension is? Now is always the best time to get your estate planning strategy in place and we are here to help.
When you commence a pension it is possible to make this pension reversionary. This means that in the event of your death your pension will automatically revert to your spouse. You can also choose to make a pension reversionary in the event that you did not do this at the time of commencement.
Reversionary pensions can operate alongside your death benefit nominations. Read our blog regarding these type of nominations for more information – Binding Death Benefit Nominations
Here is a brief run-down of the benefits and potential issues to consider when making a pension reversionary:
To find out more and to confirm the suitability of a reversionary pension for you contact your financial advisor or Your Super Specialist here.
This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.