This certification is required for funds claiming a tax exemption where assets are not segregated between retired and non-retired members. This is expressed as an percentage and represents the proportion of the fund’s taxable income that is exempt from tax under Section 295-390 of the Income Tax Assessment Act 1997. The balance of a fund’s income is otherwise taxed at 15% on both earnings and pre-tax contributions.
An exception to actuarial certification is where every member is either retired or in accumulation phase and below their Transfer Balance Cap for the whole tax year. From 1 July 2021 and beyond, all funds will be able to maximise their tax exempt income by selecting the best approach by an actuarial certificate or segregated assets – whichever is better.
Our certificates are available via the form below which incorporates a check of the minimum drawdown rates for allocated pensions announced by the Australian Federal Government (see ATO Table 11). New clients will be given and special code with which access to our investment portfolio will be granted.
Our online form provides instant results and takes about 10-15 minutes to complete: