NetActuary is again offering actuarial certificate services incorporated within broader support for SMSF tax efficiency objectives. ECPI issues have become complex.
ABP Certificates
An actuarial certificate is needed under s295-390 of the ITAA97 in order to claim a proportion of the assessable SMSF income as exempt from tax under the unsegregated method.
Click here for Application Form
Alternatively email us the general ledger from the admin application.
Cost: $132 inclusive of gst.
Defined Pensions
For SMSFs with a legacy defined pensions such as s1.06(2) Lifetime; s1.06(7) Life Expectancy and s1.06(6) Flexi Pension.
To check the assets meet the high probability requirement going forward and provide the s295-390 tax exemption percentage for past year.
Click here for Application Form
Cost: $396 inclusive of gst.
2018-19 Issues
Part of the year may be deemed by the ATO to be segregated if it has a period with only pensions. The accounts and actuarial certificate must reflect this.
Some SMSFs with a total superannuation balance of more than $1.6m and a pensioner may be forced to use the unsegregated ECPI method.
Market-linked pensions commuted and restarted need a TBC workaround to avoid unintended consequences.
Support Tools
A number of support tools will be loaded shortly including:
♦ Defined benefit lifetime pension liability estimator to allow movement in required reserves monitoring;
♦ Evaluator of whether partial year segregation or engineered full year unsegregated is better; and
♦ Required Actuarial Certificate.
NetActuary can assist you with issues such as achieving better tax outcomes; legacy pensions not meeting adequatacy requirements or nearing the end of the term. Neglected reserves and impact of changes on the Age Pension are other areas of interest.
Consulting Services
Some of the actuarial consulting services we undertake include:
♦ APRA defined benefit superannuation
♦ Employee Share Option liabilities
♦ Workers Compensation & CTP
♦ Retirement Homes projections
♦ Long Service & Sick Leave liabilities
♦ Financial Modelling services
To discuss phone Brian on 03-6224 1145.