Superannuation death benefits is the amount to be paid to your nominated beneficiaries in the event that you were to pass away. A death benefit will consist of any residual superannuation or pension balance, as well as any insurance proceeds for life insurance policies held within super.

Superannuation death benefits can only be paid to certain dependants and, depending on who the benefits are paid to, death benefits tax may be payable. Generally, super death benefits are paid as a lump sum, but can also be paid in the form of an income stream.