Get the free Binding Nomination Form - QIEC Super

Binding Nomination Form ALL SECTIONS MUST BE COMPLETEDNOTPLEASEPLEASE COMPLETE IN BLOCK LETTERSThis form should be completed when you wish to nominate a binding beneficiary. A binding nomination of

How to fill out binding nomination form

How to fill out binding nomination form

1. To fill out a binding nomination form, follow these steps:
2. Obtain a copy of the binding nomination form from your superannuation fund or financial institution.
3. Read the instructions provided on the form carefully to understand the requirements and criteria for making a binding nomination.
4. Provide your personal details, including your full name, address, date of birth, and member number.
5. Nominate the beneficiaries who will receive your superannuation benefits in the event of your death. Include their full names, addresses, and their relationship to you.
6. Specify the percentage or proportion of your superannuation benefit that each beneficiary will receive.
7. Sign and date the form in the presence of two witnesses who are over 18 years old and not named as beneficiaries.
8. Ensure that your witnesses also sign and date the form.
9. Submit the completed form to your superannuation fund or financial institution as per their instructions.

Who needs binding nomination form?

1. Anyone who has superannuation funds or a retirement savings account should consider completing a binding nomination form.
2. It is especially important for individuals who want to have control over who will receive their superannuation benefits upon their death.
3. By making a binding nomination, you can ensure that your superannuation benefits are distributed according to your wishes and avoid potential disputes among family members or other potential beneficiaries.
4. It is recommended for those who have specific beneficiaries in mind or wish to leave a certain proportion of their superannuation to different individuals.

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What is binding nomination form?

A binding nomination form is a document that allows a member of a superannuation fund to nominate who will receive their superannuation benefit in the event of their death.

Who is required to file binding nomination form?

Anyone who wants to ensure that their superannuation benefit goes to a specific person or people is required to file a binding nomination form.

How to fill out binding nomination form?

To fill out a binding nomination form, you typically need to provide details of the nominated beneficiary/beneficiaries and sign and date the form.

What is the purpose of binding nomination form?

The purpose of a binding nomination form is to give the member of a superannuation fund control over who will receive their superannuation benefit upon their death.

What information must be reported on binding nomination form?

The binding nomination form usually requires details of the nominated beneficiary/beneficiaries, the member's signature and date.