Please note that you have advised to use a NON LAPSING Binding Nomination. Most super funds do not even offer NON LAPSING. They require you to remember to renew it each 3 years. And if you get dementia, which a lot of people will get, you are not allowed to renew it. Imagine if you wrote your will and you had to renew it every 3 years. All your vulture relatives have to do is wait until you get dementia, keep you alive until your nominations lapse then claim all your money. How can super funds possibly be allowed to NOT offer Non-Lapsing nominations? Imagine if wills automatically 'lapsed'!!!

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Please also be careful when 'combining' your super into one account. Think very, very carefully and calculate how much Death Tax you will pay. Be sure to separate Deductible and Non Deductible contributions into SEPARATE accounts, so that you can draw down on on the ND first to reduce the amount of Death Tax which is 17%. As in, any drawdowns above minimum percentages. Then when you hit retirement, use a Withdraw and Recontribute Strategy to move as much as possible from the Taxable to the Non Taxable accounts. You may have to commute backwards, then reconvert to pension several times to do that. But 17% of a large balance is a lot of money the government will take from you. Note if you had the choice to marry in life, you get a huge thing that others don't : you can choose to leave it all to an Ex Spouse even if they are not even financially dependent on you. Compared to a person who did not have the choice to marry - they don't receive that massive Tax Break. (did someone say 'discrimination'?). Even if you leave all of it to charity, you will still be whacked with 17% Death Tax before it goes to the charity. The kicker is that if you donated it to the Charity whilst you are still breathing, you would get a Tax deduction. Go figure.

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