Oct 14, 2019 | Blog, Death Benefits, Insurance in Super, Reversionary Pensions, SMSF, Superannuation
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...
Oct 4, 2019 | Blog, Death Benefits, Reversionary Pensions, SMSF, Superannuation, Superannuation Tax
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...
Jul 9, 2018 | Blog, Death Benefits, SMSF, Superannuation
The difference between lapsing and non-lapsing superannuation nominations is that a lapsing nomination is generally valid for 3 years; whereas a non-lapsing nomination does not expire. Superannuation death benefit nominations are legal directives to a trustee of a...
Apr 18, 2017 | Blog, Death Benefits, Reversionary Pensions, SMSF, Superannuation
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...
