#10130
Awan Hammad
Participant

    Hi Jason

     

    Under SIS legislation a death benefit can be paid to a spouse as a lump sum and or as an income stream.

    If it is a death benefit income stream it has to keep this status and cannot be converted to accumulation mode.

    You should also check what the trust deed requires.

    You should request paperwork to support that the trustees or trustee has decided to pay the death benefit as an income stream if there is no death benefit nomination or reversionary pension in place.

     

    Thanks

    The Auditors Institute

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