Is your super working hard—or hardly working?

Most Australians have never compared their super insurance cover against an independent reference. YourSuperHealth applies the DIME methodology (Debt, Income, Mortgage, Education) — an industry-standard framework — to produce a factual comparison, with no fund interest in the result.

What this analysis does:

• You enter: dependants, outstanding mortgage and debt, current income, partner’s income, and years until retirement.
• The tool applies the DIME methodology to those inputs and produces a reference figure for Death cover, TPD, and Income Protection.
• It compares that reference against what you currently hold inside your super statement.
• It shows whether your cover is above, near, or below the DIME estimate — factual information, not a recommendation.
• It also shows your premium efficiency — how much cover you hold per dollar of annual premium.

Most retirement calculators ask you to guess your Age Pension. YourSuperHealth calculates it directly from the FY2025-26 rules — both the assets test and the income test — and takes whichever gives you the lower entitlement (as Centrelink does).

What this section calculates:

• Assets test: your super balance (plus partner’s balance if applicable) is measured against the full-pension and cut-off thresholds for your situation — single or couple, homeowner or non-homeowner. The taper rate reduces your pension by $3 per fortnight for every $1,000 of assets above the lower threshold.
• Income test: your financial assets are subject to deeming — the government assumes a notional return of 0.25% on the first $62,600 (single) and 2.25% above that, regardless of what you actually earn.
• Binding test: the result that gives you the lower pension payment is the binding constraint. YourSuperHealth tells you which test is binding and by how much.
• Estimated annual entitlement: a dollar figure for your estimated annual Age Pension based on current rates.

Your superannuation balance is not covered by your Will. It sits outside your estate and is distributed by your fund trustee according to super law — unless you have a valid binding death benefit nomination (BDBN) in place. Most people don’t.

Binding death benefit nominations (BDBNs):

• A BDBN is a written instruction to your fund that legally binds the trustee to pay your super to specific people upon your death.
• Without a BDBN, the trustee has discretion — they can pay your super to any eligible dependant or to your estate, based on their assessment of your circumstances.
• Most BDBNs expire every three years and must be renewed. Some funds offer non-lapsing BDBNs — worth checking.
• Valid nominees must be dependants (spouse, de facto partner, child, financial dependant, or interdependant) or your legal personal representative (estate).

Super death benefit tax:

• Super paid to a tax dependant (spouse, minor child, financial dependant) is received tax-free, regardless of the amount.
• Super paid to a non-tax dependant (adult independent children, siblings, parents) is taxed on the taxable component at up to 17% (15% tax + 2% Medicare levy). On a $300,000 death benefit, that’s up to $51,000 in tax your adult children pay.

Reversionary pensions:

• If you are drawing a superannuation pension at the time of death, a reversionary pension nomination allows that income stream to automatically continue to your nominated reversionary beneficiary — typically a spouse.
• The reversionary beneficiary has 12 months to decide what to do with the inherited pension before it counts toward their own transfer balance cap (currently $2.0 million).