With 5 different types of death benefit nomination to choose from when deciding who gets your super death benefit, it’s important to know what each one means.
Your beneficiaries could end up paying more tax than necessary when they receive your superannuation death benefit so it pays to understand the rules that apply.
When an older person inherits their spouse’s super, decisions need to be made about the best way to hold the funds. New super rules offer increased choices.
Having your super pension automatically revert to your spouse can be an easy way to ensure your spouse’s financial situation is taken care after your death.
How to deal with a partner’s death benefits has just become more complicated. We use a case study to show why.
An anti-detriment payment is an additional lump sum amount paid to the eligible dependant of a super fund member who dies (in addition to a lump sum death benefit that is paid to the dependant on the super fund member’s death).