An SMSF paying an account-based pension requires an actuarial certificate if the assets supporting the pension is not segregated from other assets in the SMSF. An actuarial certificate will determine the portion of income that is tax exempt. Where the assets are segregated, no actuarial certificate is required for eligibility for income tax exemption. Superannuation Warehouse, thereby, recommends going for this approach to save fees in the SMSF. An actuarial certificate cost around $300.
We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.
Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.
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We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.
Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.
