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Get the free Binding bDeath Benefitb Nomination - Club Plus Superannuation

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Binding Death Benefit Nomination by your side for over 25 years This form allows you to make, amend or cancel a binding death benefit nomination for your Club Plus Super benefit. A binding death benefit
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How to fill out binding bdeath benefitb nomination

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How to fill out a binding death benefit nomination:

01
Obtain the necessary forms: Contact your superannuation fund or trustee to request the binding death benefit nomination form. They will provide you with the document either in hard copy or electronically.
02
Gather required information: Before filling out the form, collect the necessary information such as your full name, date of birth, and contact details. You will also need to know the full names and dates of birth of your nominated beneficiaries.
03
Review the terms and conditions: Carefully read through the terms and conditions provided with the form. Ensure you understand the implications of making a binding death benefit nomination and how it affects the distribution of your superannuation benefits upon your death.
04
Identify your nominated beneficiaries: On the form, you will typically have the option to nominate one or more individuals as your beneficiaries. Provide their full names and dates of birth. Consider whether you want to split the benefits evenly among your beneficiaries or designate specific percentages.
05
Specify the payment method: Indicate whether the benefits should be paid as a lump sum or as an income stream (e.g., a pension) to the nominated beneficiaries. Be aware that there might be limitations imposed by your superannuation fund or trustee regarding the payment options.
06
Update and sign the form: Once you have filled out the form accurately and reviewed the information, sign and date it. Some forms might require additional witness signatures, so ensure you follow the instructions provided by your superannuation fund or trustee.

Who needs a binding death benefit nomination:

01
Superannuation fund members: Anyone who has a superannuation fund should consider making a binding death benefit nomination. This ensures that your superannuation benefits are distributed according to your wishes upon your death.
02
Individuals with specific beneficiary preferences: If you have specific preferences on how your superannuation benefits should be distributed after your death, a binding death benefit nomination allows you to specify these preferences. This is especially important if you want to ensure certain individuals receive your benefits or if you want to designate specific percentages for each beneficiary.
03
People with complex family situations: If you have complicated family arrangements, such as blended families or dependents with special needs, a binding death benefit nomination can help provide clarity on how your superannuation benefits should be distributed among your beneficiaries.
It is important to note that the requirements and processes for filling out a binding death benefit nomination may vary depending on your jurisdiction and superannuation fund. It is advisable to consult with a professional or seek guidance from your superannuation fund to ensure you are correctly completing the necessary documentation.
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A binding death benefit nomination is a form that allows a superannuation fund member to nominate who they would like their superannuation benefits to be paid to in the event of their death. This nomination is legally binding and must be followed by the superannuation fund trustee.
Any superannuation fund member who wants to specify who will receive their superannuation benefits upon their death is required to file a binding death benefit nomination.
To fill out a binding death benefit nomination, the superannuation fund member must obtain the required form from their fund provider, complete the nomination form following the instructions provided, and submit it to the fund trustee.
The purpose of a binding death benefit nomination is to ensure that the superannuation benefits are paid out according to the wishes of the deceased member, providing certainty and peace of mind.
The binding death benefit nomination form typically requires the member to specify the beneficiaries who will receive the superannuation benefits, along with their relationship to the member.
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