Claiming a Superannuation Death Benefit After a Loved One Passes Away
CLAIMING A SUPERANNUATION DEATH BENEFIT AFTER A LOVED ONE PASSES AWAY
Losing someone close to you is incredibly difficult. Here at Funera Sydney, we understand the complexity of dealing with superannuation funds and claims after a bereavement. Our compassionate team can provide guidance on handling superannuation payments respectfully when planning affordable, personalized farewells.
Losing someone close to you is incredibly difficult. Here at Funera Sydney, we understand the complexity of dealing with superannuation funds and claims after a bereavement. Our compassionate team can provide guidance on handling superannuation payments respectfully when planning affordable, personalized farewells.
NOTIFYING FUNDS AND MAKING CLAIMS
Most Australians will have worked and contributed to superannuation funds. When someone passes away, their nominated beneficiary can claim these death benefits. However, the deceased may have had multiple funds, so all will need contacting.
Most Australians will have worked and contributed to superannuation funds. When someone passes away, their nominated beneficiary can claim these death benefits. However, the deceased may have had multiple funds, so all will need contacting.
BINDING VS NON-BINDING BENEFICIARY NOMINATIONS
It's crucial to understand if the deceased made binding or non-binding nominations. Binding means beneficiaries are set out in writing to receive payments. Non-binding gives the fund trustee discretion over disbursement. If beneficiaries seem inappropriate, we can advise on lodging reviews.
It's crucial to understand if the deceased made binding or non-binding nominations. Binding means beneficiaries are set out in writing to receive payments. Non-binding gives the fund trustee discretion over disbursement. If beneficiaries seem inappropriate, we can advise on lodging reviews.
TAX AND LOST SUPER CONSIDERATIONS
Death benefits to dependents are tax-free, but children over 18 may incur taxes unless financially dependent. We can also help check for any lost or unclaimed super the deceased may have had, to ensure the estate is complete.
Death benefits to dependents are tax-free, but children over 18 may incur taxes unless financially dependent. We can also help check for any lost or unclaimed super the deceased may have had, to ensure the estate is complete.
SUPPORTING YOU COMPASSIONATELY
Losing a loved one deserves a sensitive, meaningful goodbye. Funera Sydney provides specialist guidance on superannuation and other aspects of planning personalized, budget-friendly funerals or memorials, allowing you to focus on what matters most at this difficult time. Please reach out if we can assist with any part of organizing a respectful farewell. Funera Sydney is here to support and give guidance into directing you throughout this process, for queries about this topic contact us.
Losing a loved one deserves a sensitive, meaningful goodbye. Funera Sydney provides specialist guidance on superannuation and other aspects of planning personalized, budget-friendly funerals or memorials, allowing you to focus on what matters most at this difficult time. Please reach out if we can assist with any part of organizing a respectful farewell. Funera Sydney is here to support and give guidance into directing you throughout this process, for queries about this topic contact us.