From 1 July 2017 actuarial valuations of funds for purposes of claiming exempt pension income has changed. Funds are now required to have an actuarial valuation for each and every period during the year when the fund is partly or fully in pension phase or at least one member has a total superannuation balance of more than $1.6 million and the fund wishes to claim exemption from tax on its pension assets. This session will explain when an actuarial certificate is required for a fund and the new complexities the changes in the rules will make to getting an actuarial certificate.
Webinar Learning Outcomes:
• Understand the new methodology that applies for calculating ECPI
• Determine the circumstances in which an actuarial certificate is required by an SMSF
Suited for any professional servicing SMSFs including advisers, accountants, auditors and practice support staff. This session is aimed at an intermediate to advanced level.
Phil La Greca, Executive Manager, SMSF Technical & Strategic Solutions for SuperConcepts. Philip is an accomplished SMSF technical expert and a sought-after media commentator on SMSF technical issues. He has over 30 years' experience working in specialist administration, technical and compliance roles with a variety of organisations, including AM Corporation and William Mercer.
Your webinar purchase includes:
• PowerPoint presentation
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
What are the practical implications?