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Superannuation Binding Death Benefit Nominations

  • Protect your Super with a Binding Death Benefit Nomination
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Superannuation Binding Death Benefit Nominations

Many people do not realise that their superannuation may not form part of their estate following death and does not automatically pass to their intended beneficiaries pursuant to their will.

However, a binding death benefit nomination allows you to nominate who will receive your superannuation benefit following your death and ensure that the trustee of the superannuation fund is legally bound to follow your instructions.

Without a binding death nomination in place, the trustee of your superannuation fund must follow the rules set out in the super fund’s trust deed when deciding which of your dependants should receive your superannuation death benefit which may not be in accordance with your wishes.