Death benefit allocation - FAQs for SUPERCentral and Townsends Lawyers SMSF Deeds

Product type:     Complimentary document

These death benefit allocation FAQ's are for the 2024-25 financial year and relate to the allocation of death benefits in respect of self-managed 
superannuation funds ("SMSFs") on the SUPERCentral/Townsends system and  governed by either the SUPERCentral or the Townsends Lawyers Governing Rules.

This document answers questions such as:

• What  is the difference between a death benefit allocation and paying the death benefit of a member?
• What does the SIS Act require in relation to the allocation and payment of death benefits?
• Can the death benefit be paid as pension to the estate of the deceased member?
• Are there any special rules relating to paying death benefit as lump sums?
• What if the pension is payable to a child of the deceased member?
• What is the process for making death benefit allocation decisions?
• What criteria should the trustee apply in determining the allocation of a death benefit?

amongst others.

For a complimentary copy of the document please click order for immediate access and to download a copy.

For more information or assistance with death benefit nominations and estate planning generally, please call SUPERCentral on (02) 8296 6266 or make an enquiry.