Death benefits

On the death of a member, a death benefit is a payment from a super fund in the form of a lump sum payment (a superannuation lump sum death benefit) or income stream (a superannuation income stream death benefit).

Set out below are all SuperGuide articles explaining Death benefits.

Super checklist: 10 ways to save your super

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SuperGuide receives hundreds of questions every week from Australians wanting to create a better life for themselves in retirement. The types of questions we receive include: how much super should my employer contribute each year, how much money is enough, how can I work out if I am in a good super … [Read more...]

Death benefits: Is a binding DBN different from a reversionary pension?

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Q: What is the difference between a binding death benefit nomination and a reversionary pension? Should a retail fund offer a reversionary pension option? The forms for my fund only mention binding death nominations.The terminology surrounding superannuation death benefits can be confusing and … [Read more...]

SMSFs: More money for Superannuation Complaints Tribunal

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In the latest preliminary report from the Super System Review (SSR) (see article SMSFs: Nothing exotic or personal says Cooper Review), the SSR recommends that the Superannuation Complains Tribunal (SCT) have a greater role to play in the resolution of complaints over death benefit payments.The … [Read more...]

SMSFs: Nothing exotic or personal says Cooper review

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Update: Good news for SMSF art collectors and SMSF trustees investing in other collectibles. On 30 July 2010, the ALP Government announced that it would not be adopting the Cooper recommendation to ban art and other collectibles from SMSFs.┬áThe Government has imposed stricter storage requirements … [Read more...]