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Why do I need a Binding Death Benefit Nomination?

A Binding Death Benefit Nomination (BDBN) allows members of a super fund, including SMSFs, to formally direct the trustee on how their super benefits will be distributed when they pass away. An up-to-date BDBN helps provide certainty and peace of mind.

Set up a Binding Death Benefit Nomination with ease

Set up your Binding Death Benefit Nomination in just a few simple steps with our guided process. Designed to help you capture your wishes clearly, the process supports you in preparing a document for trustee consideration – helping reduce uncertainty and giving you more confidence that your super benefits will be distributed as intended.

Other popular documents



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SMSF Deed of Establishment

An SMSF is a superannuation trust structure which allows the SMSF’s members to control the investment decisions made in relation to their retirement savings.

Digital: $160 Inc GST
Slimline: $203 Inc GST
Binder: $260 Inc GST


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Investment Strategy

An SMSF Investment Strategy is a legally required document that outlines how the fund’s investments will be managed to meet its objectives.

 

Digital: $99 inc GST
Slimline: $142 inc GST
Binder: $199 inc GST


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Annual Pension Payment/Minutes

A formal record confirming the trustee’s decision to commence or manage a pension within an SMSF.

 

Digital: $110 Inc GST
Slimline: $153 Inc GST
Binder: $210 Inc GST


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Binding Death Benefit Nomination (BDBN)

A BDBN allows members of a SMSF, to formally direct the trustee on how their super benefits will be distributed when they pass away.

Digital: $99 Inc GST
Slimline: $142 Inc GST
Binder: $199 Inc GST


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SMSF Establishment (ROPS^) with Special Purpose Corporate Trustee

Designed for clients transferring their UK pensions into an SMSF, this deed streamlines the process, reducing time and costs.

Digital: $868 Inc GST
Slimline: $942 Inc GST
Binder: $978 Inc GST

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SMSF Deed of Variation

A SMSF Deed of Variation is used to update or replace your fund’s existing trust deed.

Digital:                       $160 Inc GST
Slimline:                    $203 Inc GST
Binder:                      $260 Inc GST

 

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SMSF Holding Trust

An SMSF Holding Trust is required when an SMSF uses a Limited Recourse Borrowing Arrangement (LRBA) to purchase an asset, such as property.

Digital:                       $440 Inc GST
Slimline:                    $483 Inc GST
Binder:                      $540 Inc GST

 

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SMSF Establishment with Special Purpose Corporate Trustee

Setting up an SMSF with a special purpose corporate trustee offers greater flexibility, simpler administration and long-term benefits compared to individual trustees.

Digital:                       $868 Inc GST
Slimline:                    $942 Inc GST
Binder:                      $978 Inc GST

NowInfinity Documentation Suite Benefits

  • Complete suite of SMSF setup documents

  • Quickly and easily set up bank accounts, ABN and TFNs

  • Order Pay As You Go documents with no lock in contracts

  • eSignatures and SMS reminders included at no additional cost

  • Legally backed documents for peace of mind

  • Customise documents with your branding

All Self Managed Super Fund Documents (SMSF)

  • SMSF Deed of Establishment

    • Digital:$160 Inc GST
    • Slimline:$203 Inc GST
    • Binder:$260 Inc GST
    Buy Now

    An SMSF is a superannuation trust structure which allows the SMSF’s members to control the investment decisions made in relation to their retirement savings.

    Buy Now

  • Investment Strategy

    • Digital:$99 inc GST
    • Slimline:$142 inc GST
    • Binder:$199 inc GST
    Buy Now

  • SMSF Establishment with Special Purpose Corporate Trustee

    • Digital:$868 Inc GST
    • Slimline:$942 Inc GST
    • Binder:$978 Inc GST
    Buy Now

  • SMSF Holding Trust

    • Digital:$440 Inc GST
    • Slimline:$483 Inc GST
    • Binder:$540 Inc GST
    Buy Now

  • SMSF Deed of variation

    • Digital:$160 Inc GST
    • Slimline:$203 Inc GST
    • Binder:$260 Inc GST
    Buy now

  • Change of Trustee

    • Digital:$220 inc GST
    • Slimline:$263 inc GST
    • Binder:$320 INC gst
    Buy now

  • Trustee Consent and Member Application

    • Digital:$99 inc GST
    • Slimline:$142 inc GST
    • Binder:$199 inc GST
    Buy now

  • Binding Death Benefit Nomination

    • Digital:$99 Inc GST
    • Slimline:$142 Inc GST
    • Binder:$199 Inc GST
    Buy Now

  • Annual Pension Payment/Minutes

    • Digital:$110 Inc GST
    • Slimline:$153 Inc GST
    • Binder:$210 Inc GST
    Buy Now

  • SMSF Establishment (ROPS^) with Special Purpose Corporate Trustee

    • Digital:$868 Inc GST
    • Slimline:$942 Inc GST
    • Binder:$978 Inc GST
    Buy Now

All pricing is GST inclusive
All pricing is ASIC fee inclusive

*Deed Stamping available for NSW and VIC for $66. Additional copy fee is $20 per copy for NSW and free of charge for VIC. Cost of Stamp Duty (NSW=$750, VIC=$200) not included in pricing.
**Deed stamping availabe only in NSW for $66. Additional copy fee is $20 per copy. Cost of Stamp Duty (NSW=$750, VIC=$200) not included in pricing.
+ Slimline – a presentation folder for easier filing, containing two hard copies of the documents.
++Binder – a high-quality binder containing three hard copies of the documents. Please refer to https://help.nowinfinity.com.au/hc/en-au/articles/360002058255-How-to-order-a-hard-copy-of-a-Document for more details

Frequently Asked Question

Can I change or revoke my BDBN?

Yes, you can update or cancel your nomination at any time by completing a new valid BDBN.

Do I need legal or financial advice to make a BDBN?

While not mandatory, seeking professional advice can help ensure your nomination is valid and fits with your broader estate plan. 

Does a BDBN need to be witnessed?

Yes, the nomination must generally be signed in the presence of two independent adult witnesses who are not beneficiaries

How long does a BDBN last?

For many funds, a BDBN is valid for three years unless renewed. Some SMSFs may allow non-lapsing BDBNs, depending on the trust deed.

What is a Binding Death Benefit Nomination (BDBN)?

It’s a legal document that directs the trustee of your super fund on how to pay your super benefits after your death, ensuring your wishes are followed.

Who can I nominate in a BDBN?

You can nominate dependants (such as a spouse, children, or financial dependants) or your legal personal representative (estate). 

Why should I have a BDBN for my super or SMSF?

Without a BDBN, the trustee has discretion over who receives your super benefits, which may not match your intentions. A BDBN removes uncertainty and helps avoid family disputes.

Optional Legal Review

We provide practical, reliable optional legal review that make it easy for you and your clients to feel confident when getting legal sign-off on documents.

With direct and streamlined access to our trusted legal services provider DGF Morgan, your documents are reviewed by experienced lawyers. This helps protect you and your clients from potential risks tailored to your specific circumstances.

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