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 considerationhelping reduce uncertainty and giving you more confidence that your super benefits will be distributed as intended.

Document Icon

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

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

    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.

  • SMSF Deed of variation

    • Digital:$160 Inc GST
    • Slimline:$203 Inc GST
    • Binder:$260 Inc GST
  • Change of Trustee

    • Digital:$220 inc GST
    • Slimline:$263 inc GST
    • Binder:$320 INC gst
  • Trustee Consent and Member Application

    • Digital:$99 inc GST
    • Slimline:$142 inc GST
    • Binder:$199 inc GST
  • Binding Death Benefit Nomination

    • Digital:$99 Inc GST
    • Slimline:$142 Inc GST
    • Binder:$199 Inc GST
  • Annual Pension Payment/Minutes

    • Digital:$110 Inc GST
    • Slimline:$153 Inc GST
    • Binder:$210 Inc GST
  • Investment Strategy

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

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.