Estate planning

You’ve spent a lifetime working hard for what you have. It's important to ensure that the wealth you’ve accumulated is transferred smoothly to your nearest and dearest after you’re gone.

Getting your financial affairs in order is important to ensure your assets are distributed according to your wishes and your loved ones are looked after. 

What is estate planning?

Estate planning is the process of making sure that your property, investments and other personal assets are distributed to your beneficiaries in the way you intended. By organising your legal and financial affairs, you can help ensure your assets are transferred in a tax-effective manner and according to your wishes.

An estate plan can also include making plans about how you will be cared for if you’re no longer able to make decisions for yourself. This can ease the burden on your loved ones of the stress of having to make these types of decisions.

It’s important to note that your TelstraSuper benefit (including any insurance component) doesn’t automatically form part of your estate, unlike your personal assets, such as your house, property and investments. However, you can nominate who you want to receive your superannuation benefit on your death by completing a binding nomination.

More about nominating beneficiaries

Next steps

We're here to help

At TelstraSuper, we’re here to help you build a secure financial future. TelstraSuper Financial Planning can help you work out the best ways on how to leave your assets to the right people, in the most tax-effective way. If you’d like to discuss your retirement plans or have any other financial advice queries contact us on 1300 033 166 or fill in our online contact form. There’s no additional charge for our phone based service as this is included in your TelstraSuper membership.

Online contact form