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I cancel any earlier Binding Death Benefit Nomination to the Trustee by me. ... on my death, my death benefit (if any) payable from Energy Super shall be paid in .... which is available for download
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What is binding death benefit?
Binding death benefit is a legal document that allows a member of a superannuation fund to nominate who they would like their death benefit to be paid to in the event of their death.
Who is required to file binding death benefit?
The members of a superannuation fund are required to file binding death benefit.
How to fill out binding death benefit?
To fill out a binding death benefit form, the member must provide their personal details, specify the nominated beneficiaries, and sign the form in the presence of witnesses.
What is the purpose of binding death benefit?
The purpose of binding death benefit is to ensure that the member's death benefit is paid out according to their wishes and to provide clarity and certainty regarding the distribution of the benefit.
What information must be reported on binding death benefit?
The binding death benefit form must include the member's personal details, details of the nominated beneficiaries, and the percentage of the benefit to be payable to each beneficiary.
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