Get the free binding death benefit nomination form - Energy Super

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How to fill out binding death benefit nomination

How to fill out binding death benefit nomination

1. Gather all the necessary documents such as the binding death benefit nomination form and supporting identification documents.
2. Read and understand the terms and conditions mentioned in the binding death benefit nomination form.
3. Fill out the form accurately and provide all the required information like the full name, date of birth, and contact details of the nominated beneficiaries.
4. Specify the percentage or amount of benefit that each nominated beneficiary will receive.
5. Sign and date the form in the presence of two witnesses who are over 18 years old and not named as beneficiaries.
6. Submit the completed form to the relevant authority or your superannuation fund as per their instructions.
7. Keep a copy of the form and any accompanying documents for your records.

Who needs binding death benefit nomination?

1. Anyone with a superannuation fund should consider having a binding death benefit nomination.
2. Individuals who want to have control over how their superannuation benefits are distributed after their death.
3. People who have specific beneficiaries in mind and want to ensure that their wishes are followed.
4. Those who want to minimize potential conflicts and disputes among family members or potential claimants.
5. Individuals who want to provide financial security for their loved ones and ensure their financial well-being after their death.

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What is binding death benefit nomination?

Binding death benefit nomination is a legal document that allows you to specify who you want to receive your superannuation benefits in the event of your death.

Who is required to file binding death benefit nomination?

Anyone with a superannuation fund is eligible to file a binding death benefit nomination to ensure their benefits are distributed according to their wishes.

How to fill out binding death benefit nomination?

You can fill out a binding death benefit nomination form provided by your superannuation fund and follow the instructions to specify your preferred beneficiaries.

What is the purpose of binding death benefit nomination?

The purpose of binding death benefit nomination is to ensure that your superannuation benefits are distributed according to your wishes and not subject to discretion by the trustee.

What information must be reported on binding death benefit nomination?

You must provide details of your chosen beneficiaries, their relationship to you, and the percentage of benefits you wish to allocate to each beneficiary.