What does it mean to nominate a beneficiary on your Asgard Employee Super Account?Nobody likes to think about it, but taking a few minutes to ensure your wishes are known can help make life easier for your loved ones, if the worst were to happen.

Who can I nominate?Any beneficiary you nominate must be either your dependant or Legal Personal Representative (the executor of your will or the administrator of your estate), for the purposes of superannuation law and the rules of the super fund, at the time of your death.

Your dependants only include:

> your spouse1

> Your children (including step-children or adopted children)

> individuals who are financially dependent on you at the time of your death, and

> individuals with whom you have an interdependency relationship2 at the time of your death.

For more information on who you can nominate you can refer to the Additional Information Booklet – Part 1 General available at https://www.advisernet.com.au/avncontent/asgard/product_info/about/AESA_AIB_part1_General.pdf

How does it help my loved ones by doing this?Nominating a beneficiary helps us be aware of your wishes and may help facilitate faster payment of your money to your loved ones when you pass away. If you don’t nominate a beneficiary, the Trustee has the discretion to determine who receives your benefit in accordance with superannuation law.

How do I nominate or update my beneficiaries?Asgard Employee Super Account offers you two types of beneficiary nominations — discretionary and binding.

If you make a discretionary nomination the Trustee must still decide to whom and in what proportions to pay your death benefit. The Trustee will consider your

A few minutes now can save your loved ones precious time later

BT Funds Management Limited ABN 63 002 916 458 is the trustee of Asgard Independence Plan Division Two ABN 90 194 410 365 (the Fund) and is the issuer of interests in the Asgard Employee Super Account. Asgard Capital Management Ltd ABN 92 009 279 592 AFSL 240695 is the custodian and administrator of Asgard Employee Super. A Product Disclosure Statement (PDS) is available for Asgard Employee Super Account and can be obtained by calling 1800 998 185, or visiting asgard.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in the Asgard Employee Super Account. The information provided is factual only and does not constitute financial product advice. Before acting on it, you should seek independent financial and tax advice about its appropriateness to your objectives, financial situation and needs. An investment in the Asgard Employee Super Account is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Westpac Group and its related entities do not stand behind or otherwise guarantees the capital value or investment performance of the Asgard Employee Super Account.

© BT Funds Management Limited ABN 63 002 916 458. Information current as at March 2017.

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nomination however must also consider any other relevant matters, such as whether you have other dependants, in making this decision. This type only needs to be updated when you wish to change your nomination.

A binding nomination, however, means your death benefit will be paid in accordance with your instructions (provided your nomination is valid) and can generally be paid more quickly. This type of nomination needs to be confirmed or updated every three years to be binding on the Trustee.

Either type of nomination may be changed at any time.

Completing the relevant formFor a discretionary nomination, complete and return Section 6 of the Account Amendment form available at https://www.advisernet.com.au/avncontent/asgard/product_info/forms/afeaca.pdf

For a binding nomination, complete and return the Binding death benefit nomination form available at https://www.advisernet.com.au/avncontent/asgard/product_info/forms/aesa-binding-death-benefit-nomination-form.pdf

We’re here to help If you'd like more information, please email contact.support@asgard.com.au or call 1800 998 185.

1. Your spouse includes your husband or wife via marriage, your de facto partner or any other person with whom you are in a relationship (provided that this relationship is registered under a certain state or territory law), or another person who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple.

2. An interdependency relationship is a close personal relationship between two people who live together, where one or both of them provide for the financial and domestic support and personal care of the other. An interdependency relationship may still exist if there is a close personal relationship but the other requirements are not satisfied because of some physical, intellectual or psychiatric disability.

For further details on this topic, please refer to the https://www.advisernet.com.au/avncontent/asgard/product_info/about/AESA_AIB_part1_General.pdf