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Podcast: The Strategy Stacker - Luke Talks Money
Episode: Luke on 2CC – What is a binding nomination and how does it work?
Description:
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 19 May 2023. The topic this week for the show is: What is a binding nomination and how does it work?
Key topics covered include:
Your Last Will and Testament (your will) has no control over your super?
You need to have a binding nomination in place on every individual account you have.
What is a binding nomination exactly? How is it different to a non-binding nomination?
Did you know nominations can expire?
You need a witnesses when you make y...