Tag: death benefit
SMSF, Tax
What happens to your superannuation when you die?
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.
Steve Wildes |
November 8, 2021
SMSF
Why you must review your Death Benefit Nomination to protect your superannuation
Do you have a binding Death Benefit Notification (DBN) for distributing your superannuation benefits when you die? Here's what could happen if you don't.
Paris Financial |
December 16, 2015