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HOSTPLUS Pension binding death benefit nomination form March 2014 OFFICEUSEONLY Complete this form to make, update or cancel a binding death benefit nomination for your HOSTPLUS Pension account. 779.

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How to fill out the Hostplus Binding Death Nomination Form online

Completing the Hostplus Binding Death Nomination Form online is a crucial step in ensuring that your benefits are distributed according to your wishes after your passing. This guide provides a detailed, step-by-step approach to help you confidently fill out the form.

Follow the steps to complete your nomination form accurately.

  1. Click the ‘Get Form’ button to obtain the Hostplus Binding Death Nomination Form. This will open the document for you to begin filling it out.
  2. Provide your personal details, including your pension plan membership number (if known), date of birth, name, address, and contact information including phone numbers and email address. Ensure all mandatory fields marked with an asterisk are completed with BLOCK letters and dark ink.
  3. Indicate your intention by ticking one box to choose whether you want to make a new nomination, update an existing nomination, or cancel a nomination. Note the implications mentioned in the instructions for each choice.
  4. Nominate your beneficiaries by providing the details of each person you wish to include. For each nominee, enter their given name, surname, relationship to you, date of birth, and the percentage of your benefit each nominee will receive. Remember, the total percentage must equal 100%.
  5. Carefully read the declaration section and confirm your understanding by signing and dating the form. Ensure that your witnesses, who should be over 18 and not beneficiaries, sign in your presence.
  6. Finalize the process by obtaining signatures from two witnesses in the respective fields. Each must also sign and date the document at the same time as you.
  7. Once all sections are completed and verified, you can save changes to the document. Make sure to download, print, or share the form as needed before sending it to the appropriate address for HOSTPLUS Pension.

Start filling out your binding death nomination form online today to ensure your wishes are known and respected.

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No nomination If you don't make a written death benefit nomination, the trustee of your super fund will decide who receives your death benefit. It may decide to pay the death benefit to your estate, or it may use its discretion to decide which of your eligible beneficiaries receives the death benefit.

A binding nomination means we must pay your benefit (account balance and any insurance benefits) to the beneficiaries in the portions you set out in the form. Some restrictions apply and we can only pay your super benefits to your nominated beneficiaries if your nomination is valid.

Disadvantage of a Binding Nomination The main disadvantage of a binding death benefit nomination is that there may be changes in your relationship between the time that you make the nomination and the time that you pass away.

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.

A binding death benefit nomination is a legal document which binds Brighter Super to pay your benefit to your nominated beneficiary or beneficiaries provided it is still a valid nomination at the time of your death.

1. 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.

A binding nomination is valid for three years, unless it is renewed, changed or cancelled earlier – if you do not renew it before the end of the three-year period from last signing, it becomes a non-binding nomination.

A binding death nomination allows payment to be made directly to people you have nominated without need for formal Grant of Probate or Letters of Administration (unless you nominate a personal legal representative. For more information, see 'Nominating a beneficiary' below).

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