November 17, 2025

Luke on 2CC – What’s the difference between a binding and non-binding nomination in your super?

17 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 14 November 2025. The topic for this week comes from one of our listeners: What is the difference between a binding and non-binding nomination in your super? This listener question is an important one – especially given that the value of your super is probably one of the biggest assets you might have outside of your family home. Luke explores the differences and gives some examples too. Seeking good advice can help you achieve greater estate planning certainty, and an estate planning solicitor should be involved.

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

What is a binding nomination in your super?

Who can you make a binding nomination to?

What is a non-binding nomination in your super?

Why would you choose one over the other?

Most people don’t realise that your Will has no power over your super.

Remember tax issues when you’re estate planning

How does a non-binding nomination work?

Can I direct my binding nomination in my super to my Will?

Tax planning is also an important part of your estate planning.

Blended families and kids at different ages throw up estate planning challenges, but they can be solved with the right advice.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/11/The-Strategy-Stacker-Luke-Talks-Money-14112025.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Do you need help managing your financial and estate planning?

Superannuation and estate planning is complex. Adding blended families and children at different ages also makes things challenging but not impossible to solve. Seek advice to help you get more certain outcomes.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your own goals and situation. Luke can also refer you to an estate planning solicitor within his network at no cost.

Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again. Luke’s book Smart Money Strategy is out now.

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