Get the free Binding Death Benefit Nomination (PDF 91.2KB) - BUSSQ

PENSION BINDING DEATH BENEFIT NOMINATION PLEASE COMPLETE AND SIGN THIS FORM AND RETURN TO: BUSS GPO Box 2775, Brisbane QLD 4001 1 PERSONAL DETAILS BUSS membership number (if known) Date of birth (ddmmyyyy)

How to fill out binding death benefit nomination

How to fill out a binding death benefit nomination:

1. Obtain the correct form: Contact your superannuation fund or trustee to request the binding death benefit nomination form. They should provide this to you either digitally or in paper format.
2. Personal information: Fill in your personal information such as your full name, date of birth, and contact details. Ensure that the information is accurate and up-to-date, as this will be used to identify you as the nominator.
3. Beneficiary details: Include the full names and contact details of the beneficiaries who will receive your superannuation death benefit. You may need to provide their relationship to you as well, as some superannuation funds may have specific rules regarding who can be named as a beneficiary.
4. Specify the percentage or proportion: Indicate the share of your superannuation death benefit that each beneficiary should receive. This can be done by either entering a specific percentage or proportion for each beneficiary. Make sure the total adds up to 100%.
5. Witness and signing: In order to make the binding death benefit nomination legally binding, you will need to have two witnesses present. Witnesses must not be beneficiaries named on the form, and their role is to confirm that you signed the nomination with a clear understanding of its contents. Sign the form in the presence of the witnesses, and ensure that they also sign and provide their contact details.
6. Lodge the form: Submit the completed form to your superannuation fund or trustee. Some funds may require you to send a copy of the form, while others might accept electronic submissions. Make sure to follow the instructions provided by your fund regarding the submission process.

Who needs binding death benefit nomination?

1. Any individual who wants to ensure that their superannuation death benefit is distributed in accordance with their wishes.
2. Those who have specific plans for their superannuation funds and want to have control over who receives the benefits.
3. Individuals who want to override the default distribution rules of their superannuation fund, as these rules might distribute the benefit to the fund's discretion rather than the member's preference.
4. People who have dependents or loved ones who are financially reliant on them and would like to provide for them after their passing.
5. Individuals who want to avoid potential disputes between family members or loved ones over the distribution of their superannuation death benefit.

For pdfFiller’s FAQs

What is binding death benefit nomination?

A binding death benefit nomination is a written direction given by a superannuation fund member to the trustee of their fund, specifying who the member wishes to receive their superannuation death benefit.

Who is required to file binding death benefit nomination?

Superannuation fund members who want to have control over who receives their superannuation death benefit are required to file a binding death benefit nomination.

How to fill out binding death benefit nomination?

To fill out a binding death benefit nomination, a superannuation fund member must complete the nomination form provided by their fund, specifying the beneficiaries and the percentage of the benefit each beneficiary is to receive.

What is the purpose of binding death benefit nomination?

The purpose of a binding death benefit nomination is to provide certainty and control over who receives the superannuation death benefit in the event of the member's death.

What information must be reported on binding death benefit nomination?

A binding death benefit nomination must include the names and details of the beneficiaries, the percentage of the benefit each beneficiary is to receive, and the member's signature.

How can I send binding death benefit nomination to be eSigned by others?

When you're ready to share your binding death benefit nomination, you can send it to other people and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail. You can also notarize your PDF on the web. You don't have to leave your account to do this.

How can I edit binding death benefit nomination on a smartphone?

You may do so effortlessly with pdfFiller's iOS and Android apps, which are available in the Apple Store and Google Play Store, respectively. You may also obtain the program from our website: https://edit-pdf-ios-android.pdffiller.com/. Open the application, sign in, and begin editing binding death benefit nomination right away.

How can I fill out binding death benefit nomination on an iOS device?

Get and install the pdfFiller application for iOS. Next, open the app and log in or create an account to get access to all of the solution’s editing features. To open your binding death benefit nomination, upload it from your device or cloud storage, or enter the document URL. After you complete all of the required fields within the document and eSign it (if that is needed), you can save it or share it with others.