SMSFs will not need more than one actuarial certificate to claim exempt current pension income (ECPI) when they switch between using the segregated and unsegregated asset method at different times during a financial year, actuarial certificate provider Accurium has said.

The tax office has underlined circumstances where it may be in SMSF members’ best interests to report their accumulation-phase value (APV) as part of their transfer balance account report (TBAR). In a recent podcast moderated by SMSF Association chief executive John Maroney, ATO deputy commissioner James O’Halloran said SMSFs can report their APVs on the […]

The ATO has confirmed its position on the requirement for actuarial certificates to claim exempt current pension income (ECPI) when an SMSF switches from using the segregated and unsegregated asset method at different time during a financial year.

The federal government introduced the Treasury Laws Amendment (Protecting Your Superannuation Savings Package) Bill 2018 into Parliament today.

The end of financial year can be a frantic time for SMSF trustees as they scramble to get in last minute deductions and ensure the paperwork for their fund is in order.