WebMost superannuation fund deeds give the trustee of the fund a discretion to pay benefits upon the death of a member to either the estate of the member, or to a dependant of the member. Fund trustees are also constrained by the superannuation legislation to pay benefits to dependants. WebSep 21, 2024 · What’s a superannuation proceeds trust? An SPT is a trust that is funded by superannuation death benefits. Generally, it’s established under the terms of a person’s …
Fund Administration Services - Europe Northern Trust
WebA superannuation proceeds trust is a type of testamentary trust established solely to receive superannuation proceeds on the death of a fund member. The trust can be … WebBelinda joined Northern Trust in 2005 as a senior relationship Manager responsible for a range of UK, Irish and Guernsey domiciled fund managers. In 2007 she assumed the role … rainbow oregon population
How to set up a Testamentary Trust after death
WebApr 12, 2024 · Forbes Advisor performed an in-depth assessment of the features and options offered by the leading crypto wallets. The data was collected between Aug. 1 and Oct. 7, 2024. From the data gathered ... WebJun 20, 2024 · It is held in trust by the super fund. Rules enshrined in legislation but governed by the super funds themselves will decide who is eligible to receive your super money if you pass away. Superannuation beneficiaries include: Your spouse or de facto, but not former spouses Your children Someone financially dependent on you at the time of … WebFeb 17, 2024 · What is a Super Proceeds Trust (SPT)? Your superannuation will likely be a significant portion of your estate but can be vulnerable to unnecessary taxation if … rainbow ore chained echoes