Description
A Binding Death Nomination provides greater certainty about who will receive a death benefit in the event of a death. It is a legal instrument that obliges (or binds) the Trustee of the Superannuation fund to pay the death benefit to the person or persons nominated in a Binding Death Nomination Form as the beneficiary/ies. If the death benefit is to be paid to more than one beneficiary, it must also be paid in the proportions nominated in the form.
