Cleardocs now offer actuarial certificates for SMSFs (either
set up or updated using our services), which are paying a pension. We have
partnered with Heffron Consulting, a leading SMSF service provider, to ensure
the high quality of our actuarial certificates
What is an actuarial
certificate?
As part of your Self Managed Superannuation Fund’s (SMSF)
administrative responsibilities, an actuarial certificate may be required if
the SMSF is paying a pension to its member(s).
Included in the certificate is a valuation of pension assets
to determine:
·
The portion of the SMSF’s income that is tax
exempt
·
The degree of probability that fund is able to
pay the particular pension
When does an SMSF
require an actuarial certificate?
There
are two situations where an actuarial certificate is required:
- a fund is paying an account balance
pension - for example, account based or market linked – and the assets are
unsegregated; and/or
- a fund is paying a defined benefit pension - for example, complying lifetime, complying life expectancy or commutable lifetime.
How much
does it cost and what does it include?
The cost of ordering an actuarial certificate through Cleardocs
is:
·
$176.00 for allocated, account-based and
market linked pensions; and
·
$880.00 for defined benefit pensions
When ordering an actuarial certificate through your Cleardocs
login, you will be redirected to Heffron Consulting’s actuarial certificate
online ordering system to complete the order form. Once the order form is
complete and submitted, Heffron will then:
·
provide you immediately with an approximate tax exemption percentage;
and
·
email the necessary documents to you:
o for a SMSF
providing allocated, account-based and/or market-linked pensions – an actuarial
certificate; or
o for a SMSF
providing defined benefit pensions – an actuarial valuation
Any
questions?
If you have any questions about our Actuarial Certificate package,
or any of our other products, please call our free helpline on 1300 307 343.
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