Non-Binding Death Benefit Nomination
A Non-Binding Death Benefit Nomination is a declaration made to the trustee of your super fund. A superannuation fund trustee is responsible for the management of your superannuation savings on your behalf. You are able to submit a nomination to the trustee detailing...Binding Death Benefit Nomination Pros & Cons
There are a number of advantages and disadvantages of superannuation binding death benefit nominations. A superannuation binding death benefit nomination is akin to a Will for your super. Your Will does not control who receives your super if you die. The distribution...Lapsing Binding Death Benefit Nomination
A lapsing binding death benefit nomination is a super nomination that has an expiry date. There are various death benefit nominations you can make. Generally, a non-binding nomination will be non-lapsing. A binding nomination can be lapsing or non-lapsing. The type of...
Reversionary Pension Beneficiary
A reversionary pension is an income stream pension that automatically passes to the reversionary beneficiary upon death of the original owner of the pension. A reversionary pension beneficiary is a person who will receive an income stream pension when the original...Non Lapsing Binding Death Benefit Nomination
A Non Lapsing Binding Death Benefit Nomination is a death benefit nomination made to the trustee of your superannuation account that does not have an expiry date. Traditionally, Binding Death Benefit Nominations had an expiry of 3 years. This would mean that you would...Reversionary Pension Transfer Balance Cap
This article discusses how a reversionary pension is treated for transfer balance cap purposes. A reversionary pension is a pension income stream that automatically reverts to another individual upon death of the original pension member. The term original pension...Transfer Balance Cap 1.6 Million
The superannuation transfer balance cap of $1.6 million is a new measure set to be introduced from 1 July 2017. This is a further shift towards reducing the tax-effectiveness of the superannuation environment for high-net worth individuals. So, how does the $1.6...
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