Superannuation Death Benefits

Superannuation policies do not automatically form part of an individual’s estate. Full planning is required to ensure that your superannuation is distributed in the most appropriate manner, taking into account not only taxation applied to death benefits, but your family situation as well.

Binding Death Benefit Nominations may be appropriate in situations where an individual does not wish for their superannuation to form part of their estate, or where they want absolute certainty that it will form part of their estate.

The form of the payment can be either a lump sum, or for eligible beneficiaries, a pension. Each form of payment has advantages and disadvantages which must be considered in depth.