Death Benefit Nominations in a SMSF A member can make their wishes known to the trustee by electing a death benefit nomination which can include the following options: A non-binding death benefit nomination (NBDBN) A binding death benefit nomination (BDBN) Reversionary pension beneficiary nomination (RPBN) Death Benefit Agreement (DBA)
Death of an SMSF member - Australian Taxation Office When a self-managed super fund (SMSF) member dies, trustees are responsible for correctly identifying who to pay the member's superannuation to This is called a super death benefit
Key things to know about your SMSF binding death benefit nomination In order to make sure your SMSF is awarded to the people you want to receive it, a death benefit nomination is legally binding instruction to advise your trustee to whom you would like your death benefit to paid to
Binding Death Benefit Nomination in SMSF Explained If your SMSF permits it, you can use a death benefit nomination form to direct or guide the SMSF trustee to distribute your super and death benefits according to your specific wishes
Binding Death Benefit Nomination SMSF - Super Guy A Binding Death Benefit Nomination within an SMSF is a document provided by a member to the Trustee of the Fund This document details how the member would like their member benefits paid to beneficiaries in the event of their death