SMSF in retirement

SMSF death benefits: nominations, dependants and tax

By easySMSF, SMSF Specialist Team · Updated

Your SMSF doesn't automatically pass through your will. Here's how death benefits actually work, who counts as a dependant, and how to plan for the 17% adult-child tax.

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Who gets your super when you die

On a member's death, the trustee must pay the death benefit to a dependant (under SIS) or to the member's Legal Personal Representative. Without a valid binding nomination, the trustee has discretion — which can lead to family disputes and unwanted outcomes.

A binding death benefit nomination (BDBN) removes that discretion. If valid and current, the trustee must pay as directed. Most BDBNs need to be renewed every 3 years; non-lapsing BDBNs are possible if the deed allows.

Tax is the second issue. Spouses, minor children and tax-dependants receive benefits tax-free. Adult, financially-independent children pay 17% (15% + Medicare) on the taxable component — which for many SMSF members is the bulk of the balance.

  • BDBN: trustee must follow — overrides discretion
  • Dependants (SIS): spouse, any child, financial dependant, interdependency
  • Tax dependants: spouse, minor children, certain financial dependants only
  • Adult children: 17% tax on the taxable component
  • Strategies: withdraw-and-recontribute, draw down taxable component first

Frequently asked questions

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General advice warning

Figures shown are illustrative only and based on the inputs and assumptions you provide. They are general information, not personal financial product advice. Consider your objectives, financial situation and needs, and seek personal advice from a licensed financial adviser before acting. easySMSF does not hold an Australian Financial Services Licence (AFSL).