Class Super has integrated Lime Actuarial’s offering into its ecosystem, bringing its total actuarial certificate integration partners to five.
Lime joins Accurium, Heffron, Act2 and Haintz Actuarial in Class Super’s widening partner network.
“Speed and accuracy in SMSF compliance are essential for actuarial service providers and their clients,” Class chief executive Kevin Bungard said today.
“As Class focuses on setting benchmarks for innovative and cost-effective industry solutions, we are delighted to have Lime Actuarial as our latest industry partner.”
From the Class Super application, users could submit an actuarial certificate request with Lime Actuarial and then have the actuarial percentage and supporting documentation returned to them in a matter of minutes, Bungard said.
Traditionally, completing that process manually took up to a day or more, he said.
Once the percentage is returned to Class Super, accounts are automatically updated and the certificate is stored with the record of the percentage.
“We are pleased to be integrating [our] offering into the Class ecosystem,” Lime Actuarial director Greg Einfeld said.
“As a specialist SMSF actuarial certificate provider, our vision is to deliver actuarial certificates with speed, simplicity, accuracy and affordability.
“We believe our clients will benefit substantially from our integration with Class.”
Actuarial certificates are generally required for SMSFs that pay a pension income stream and have an accumulation interest.
The purpose of the certificate is to determine what proportion of the fund’s income is exempt from tax.