Death benefit nominations

This complimentary FAQ guide answers key questions about death benefit nominations for SMSFs. It sets the foundation for understanding when and why a nomination is needed and emphasises the importance of checking your funds rules.

This standard template revokes all previous SMSF Death Benefit Nominations (if any) and directs the trustee of the Superannuation Fund to allocate any amount payable from the Superannuation Fund to the Member’s spouse. It includes background information and supporting documentation for standard cases.

This fixed price document set revokes any earlier BDBN's and directs the SMSF balance on the Member's death as a lump sum to the Member's children in equal shares.

This BDBN standard template allocates benefits first to the spouse (if surviving) and if not, then to surviving children equally.

This template revokes all previous DBNs whether binding or non binding and directs benefits first to the Member's spouse and, if the spouse is not surviving, then to the Members estate.

This template is designed for cases where the nomination is made directly to the member's estate. It revokes all previous SMSF Death Benefit Nominations (if any) and directs the trustee of the Superannuation Fund to allocate any amount payable from the Superannuation Fund to the legal personal representative of the Member’s estate.

There are numerous forms of death benefit nomination. We can provide advice and implementation of a death benefit plan that complements a person’s estate plan so that their superannuation is gifted to the intended beneficiaries.

Tailored Binding Death benefit Nomination/s for a Self Managed Superannuation Fund should be used when variable family and estate planning situations are to be taken into consideration. Tailored Death Benefit Nominations are vital in ensuring that the Member’s wishes with regards to their Self Managed Superannuation fund is compliant with superannuation law, clear and unambiguous. The DBN documentation revokes all previous SMSF Death Benefit Nominations (if any) whether binding or non-binding and allows individual Member’s to nominate beneficiaries with variable and cascading instructions for the Member’s superannuation death benefit.