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Form SuperSABINDING DEATH BENEFIT NOMINATION FORM LEGAL PERSONAL REPRESENTATIVE (ESTATE)1Please complete this form in BLOCK LETTERS using a BLACK PEN and return the signed original to Supers.1. Personal

How to fill out binding death benefit nomination

How to fill out binding death benefit nomination

1. Review the requirements: Before filling out a binding death benefit nomination form, it is important to review the requirements of your superannuation fund. Each fund may have different processes and criteria for filling out the form.
2. Obtain the form: Contact your superannuation fund or visit their website to obtain the binding death benefit nomination form. Usually, it can be downloaded as a PDF.
3. Provide personal information: Fill out the form with your full name, date of birth, and contact details as required. Make sure to provide accurate information to avoid any mistakes or delays.
4. Nominate beneficiaries: Indicate the beneficiaries you want to receive your superannuation death benefit in the event of your death. Include their full names, dates of birth, and their relationship to you.
5. Specify the benefit distribution: Clearly state the percentage of the death benefit each beneficiary should receive. Ensure that the total percentages add up to 100%.
6. Witnesses and signatures: The binding death benefit nomination form typically requires witnesses. Follow the instructions provided on the form to correctly complete this section. Sign the form and have your witnesses sign as well.
7. Submit the form: Once you have filled out the form completely and accurately, submit it to your superannuation fund as per their instructions. Retain a copy of the form for your records.

Who needs binding death benefit nomination?

1. Anyone who has a superannuation fund and wants to have control over who receives their superannuation death benefit should consider making a binding death benefit nomination.
2. It is particularly important for individuals who have specific beneficiaries in mind and want to ensure their wishes are followed after their death.
3. If you do not make a binding death benefit nomination, the superannuation fund's trustee will have discretion to determine how your death benefit is distributed, which may not align with your intentions.

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What is binding death benefit nomination?

A binding death benefit nomination is a legally binding nomination made by a superannuation fund member specifying who will receive their death benefits.

Who is required to file binding death benefit nomination?

Superannuation fund members 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 needs to complete the form provided by their fund, specify their preferred beneficiaries, and submit the form to the fund.

What is the purpose of binding death benefit nomination?

The purpose of a binding death benefit nomination is to ensure that a superannuation fund member's death benefits are paid according to their wishes.

What information must be reported on binding death benefit nomination?

A binding death benefit nomination must include the full name, date of birth, and relationship to the member of each nominated beneficiary.