The combination of high strength and high radiation damage tolerance in nanolaminate composites can be achieved when the individual layers in these composites are only a few nanometers thick and therefore these materials contain a large volume fraction associated with interfaces. These interfaces act both as obstacles to slip, as well as sinks for radiation-induced defects. The morphological and phase stabilities of these nano-composites under ion irradiation are explored as a function of layer thickness, temperature and interface structure. Using results on model systems such as Cu-Nb, we highlight the critical role of the atomic structure of the incoherent interfaces that exhibit multiple states with nearly degenerate energies in acting as sinks for radiation-induced point defects. Reduced radiation damage also leads to a reduction in the irradiation hardening, particularly at layer thickness of approximately 5 nm and below. The strategies for design of radiation-tolerant structural materials based on the knowledge gained from this work will be discussed.