Death Benefit Agreement

Can I use Cleardocs death benefit documents to nominate more than 1 reversionary beneficiary?

The Cleardocs death benefit nomination and death benefit agreement document packages only allow nomination of 1 reversionary beneficiary with that person to receive 100% of the member's pension.

Under the law, if a member has a number of possible pension dependants, they are permitted to make death benefit arrangements specifying more than 1 reversionary beneficiary and the proportion of the benefit each beneficiary is to receive. However this gives rise to a range of complexities and you must seek your own advice about it. You are welcome to use our lawyers at Maddocks for obtaining this advice — they will charge for their time as this is not part of the free legal helpline we arrange through Maddocks.