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 with retired members 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 (including the halving of these minimums from 1 July 2019). Our payment options now include CRYTPO currencies.
Our online form provides instant results and takes about 10-15 minutes to complete: