Pension payments continue to your dependent beneficiaries.

The only people who can become a reversionary beneficiary are a spouse or former spouse, a child aged less than 18 years or any person where an interdependency relationship (defined by law) existed just prior to death.

By putting this in place, upon death the income payments will continue to be made to your beneficiary.

A member can establish a reversionary beneficiary when they commence an income stream from the fund, by putting this in place it means that upon their death the income payments will continue to be made to the specified beneficiary (provided they are able to be a reversionary beneficiary under the relevant superannuation and tax laws).