ATO’s about face a positive outcome for ECPI
ATO / Pensions / Podcasts / Professionals / SMSF

ATO’s about face a positive outcome for ECPI

Earlier this year, we saw the ATO appear to ‘move the goal posts’ when it came to applying exempt current pension income (ECPI) within a SMSF. This guidance provided by the Assistant Commissioner, stated two critical changes in calculating and reporting ECPI: to be exempt from an actuarial certificate, you must use the segregated method … Continue reading »

Do you really have segregated pension assets?
Pensions / Professionals / SMSF

Do you really have segregated pension assets?

With the growing number of funds paying income streams, the ATO has certainly turned its attention to the issues surrounding the tax exemption available for complying super funds. There are two methods that can be applied when applying tax exemption.  The first is taking a pooled approach to fund assets, where an actuarial tax certificate … Continue reading »

Of course I know when an Actuarial Certificate is required – it’s not Rocket Science!
Pensions / Professionals / SMSF / SMSF Compliance

Of course I know when an Actuarial Certificate is required – it’s not Rocket Science!

No it isn’t, but then again it’s not always as black and white as many of the experienced industry professionals believe. Typically, SMSF administrators use a 2 point method of determining whether an Actuarial Certificate of Income Tax Exemption is required: Were there Pension and Accumulation Accounts in the Fund during the income year? Were … Continue reading »

When does my SMSF need an actuary certificate?
Pensions / Professionals / SMSF / SMSF Compliance / Trustee education

When does my SMSF need an actuary certificate?

With a growing number of SMSFs now drawing income streams, it is important to understand the obligations around calculating a fund’s tax exemption.  With 88% of the total value of fund tax deductions relating to exempt current pension income (ECPI), this area has become a key focus of the Commissioner’s compliance activity each year. As … Continue reading »

WEBINAR: Actuarial requirements for SMSFs
Pensions / Professionals / SMSF / Webinars

WEBINAR: Actuarial requirements for SMSFs

When is an actuarial certificate required for a self-managed super fund?  This is one of the most searched topics on my blog.  With 88% of all tax deductions claimed within SMSFs relating to exempt current pension income (ECPI), the Australian Taxation Office is casting a very close eye over the growing number of tax deductions … Continue reading »