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  • Death Benefit Beneficiary Nomination (form 06985) - Amp

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Death benefit beneficiary nomination form Contents and instructions Please complete this form to confirm a previous nomination of beneficiary, revoke an existing nomination, or request a new nomination.

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If your beneficiary needs quick access to your benefit, a binding death benefit nomination may allow a more timely distribution of your assets and your beneficiary won't have to wait for the trustee or the deceased estate to determine the distribution.

To make sure your super fund knows what you'd like to happen to your super after you're gone, you can choose a 'beneficiary'. Generally, your beneficiary must be a dependent (see the After death page). Your super fund should give you the option to nominate a beneficiary.

In effect, it's a way of telling your super fund that you want your pension to continue but be paid to someone else. You can only nominate one person as a reversionary beneficiary. Only spouses, certain children and dependants are eligible, and there's no opportunity to pay any other beneficiary.

Binding beneficiary nomination A binding nomination means you have the final say in who receives your super if a death benefit becomes payable, unless the nomination is invalid when you die. ... The person/s nominated must be a dependant or your Legal Personal Representative of your estate.

Binding death benefit nomination: This is a written direction from a member to their superannuation trustee setting out how they wish some or all of their superannuation death benefits to be distributed. The nomination is generally valid for a maximum of three years and lapses if it is not renewed.

Where a nomination is binding, the trustee has no discretion to override it. A challenge may only be made, for example, on the basis of the validity of the nomination, including a lack of legal capacity.

The best way to ensure that your super and any insurance benefits are paid to who you intend is to nominate a binding beneficiary. A binding nomination legally 'binds' the Sunsuper Trustee to pay your death benefit to who you nominate. Plus having a valid binding nomination reduces claim processing time.

Log into My AMP. On the 'Superannuation' page, select 'Manage my beneficiaries' from the 'I want to' menu. Add or update your non-binding or binding death benefit nomination.

1. A Binding Nomination: The Trustees MUST pay the death benefit as nominated. 2. A Non-binding Nomination: The Trustees have the discretion to follow the stated wishes of the member or direct the entitlements to another person (or persons) or pay the entitlement directly to the Estate.

If you're an AustralianSuper member you can update or change a non-binding nomination at any time by logging into your account selecting 'Beneficiaries for my super account'. Alternatively, you can download and complete a Binding death benefit nomination form or Reversionary benefit nomination form.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232