What Happens To Your Superannuation When You Die. WHAT HAPPENS TO YOUR SUPERANNUATION WHEN YOU DIE? WGC Lawyers Cairns So it begs the question, exactly what happens to your super when you die? As super is held in a trust, it is treated differently from your estate (also known as your assets or net worth). What is a superannuation death benefit? A superannuation death benefit is a payment made from a person's super fund when they die
What happens to your superannuation when you die? — Innovate Services BAS + Tax + Accounting from www.innovateservices.com.au
Your beneficiary is the person you nominate to receive your superannuation death benefit Whether you have an industry superannuation fund or a self-managed superannuation fund (Fund), the Superannuation Industry (Supervision) Act 1993 and Regulations 1993 (SIS Act and SIS Regulations) regulates where it goes, as well as any Binding Death Benefit Nomination (BDBN)
What happens to your superannuation when you die? — Innovate Services BAS + Tax + Accounting
What happens to your superannuation when you die? The distribution of money in a superannuation fund follows a different set of rules to other assets left in a Will When you die, your superannuation (super) death benefits can be paid to anyone who meets the definition of 'dependant' under the Superannuation Industry Supervision (SIS) legislation and/or the Legal Personal Representative (LPR) (i.e It's important to know how superannuation benefits are paid after you're gone, and how you can plan ahead to make sure your dependants are taken care of..
What happens to your superannuation when you die?. Different rules and regulations apply to superannuation compared to other personal assets like your house, investments, and savings What Happens to Your Super When You Die? The payment of your superannuation to your beneficiaries will be based on any death benefit nominations you have in place
What happens to your superannuation when you die? — Innovate Services BAS + Tax + Accounting. It's important to know how superannuation benefits are paid after you're gone, and how you can plan ahead to make sure your dependants are taken care of.. This will ensure your super is distributed according to your will