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Binding Death Benefit NominationPlease call us on1300 362 415 if you require any assistance. Please complete this form using CAPITAL LETTERSComplete this form if you want to make, change or cancel
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How to fill out binding death benefit nomination

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How to fill out binding death benefit nomination

01
To fill out a binding death benefit nomination, follow these steps:
02
Obtain the necessary form: Contact your superannuation fund or visit their website to obtain the binding death benefit nomination form.
03
Provide personal information: Fill in your personal details, including your full name, address, date of birth, and contact number.
04
Nominate beneficiaries: Clearly identify the beneficiaries you want to receive your superannuation benefits in the event of your death. Include their full names, addresses, and their relationship to you.
05
Specify the distribution: Specify the percentage or amount of your superannuation benefits that you want each beneficiary to receive.
06
Sign and date the form: Sign and date the binding death benefit nomination form to make it legally valid.
07
Send the form: Submit the completed form to your superannuation fund either by mail, email, or online submission. Keep a copy of the form for your records.
08
Note: It is important to review and update your binding death benefit nomination whenever your personal circumstances change, such as getting married, having children, or going through a divorce.

Who needs binding death benefit nomination?

01
Anyone with a superannuation fund can benefit from having a binding death benefit nomination.
02
It is especially important for individuals who have specific wishes for the distribution of their superannuation benefits after their death.
03
By having a binding death benefit nomination in place, you can ensure that your superannuation benefits are distributed according to your wishes and potentially avoid any disputes or legal challenges.
04
It provides clarity and certainty in the distribution process, giving you peace of mind that your loved ones will be taken care of financially.
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Binding death benefit nomination is a legal document that allows a superannuation fund member to nominate a specific beneficiary to receive their death benefits in the event of their death.
Superannuation fund members with a self-managed superannuation fund (SMSF) or certain retail or industry superannuation funds are required to file binding death benefit nomination.
To fill out a binding death benefit nomination, the superannuation fund member must complete the relevant form provided by their fund, specify the nominated beneficiary/beneficiaries, sign the form, and return it to the fund.
The purpose of binding death benefit nomination is to ensure that the superannuation fund member's death benefits are distributed according to their wishes and to provide certainty for the nominated beneficiaries.
The binding death benefit nomination form typically requires the superannuation fund member to provide their personal details, details of the nominated beneficiary/beneficiaries, and their signature.
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