Actuarial certificates for SMSFs
We provide actuarial certificates for SMSFs with account based pensions (including transition to retirement pensions, allocated pensions and market linked pensions). Click here for more information on how to request an ABP certificate.
We also provide actuarial certificates for SMSFs with defined benefit pensions (including complying lifetime, complying term and flexi pensions). Click here for more information on how to request a DBP certificate.
Verus Account Based Pension Certificates
You will need an ABP actuarial certificate for your SMSF if it has account based pensions, and was partly in pension phase and partly in accumulation phase during the tax year, unless you have fully segregated the Fund’s pension assets from its accumulation assets.
Rapid Turnaround Almost all of our actuarial certificates for Funds with account based pensions are issued within minutes (and always within 1 business day) of receiving all the data required. Our online request form can also provide a draft Tax Exempt Percentage instantly.
Convenient Online and Offline Payment Options You have the choice to pay for the certificate at the time you submit your request, or after you have received the completed certificate and the accompanying invoice. Our online payments facility also allows you to pay multiple invoices in a single transaction. Payment is available online via credit card or a Paypal account, and offline via EFT, cheque or direct debit. We also provide our clients with the option of a monthly invoicing arrangement.
Free Updates to Certificates If the information previously provided to us in a past request requires updating, we will provide an updated certificate free of charge. To make updates even simpler, you can easily access the data provided to us for past certificate requests online via our website.
Certificate Management Portal We provide our clients with a Certificate Management Portal, so that you can conveniently review and access all your actuarial certificates online, as well as order new actuarial certificates.
For actuarial certificates for SMSFs with account based pensions we charge $100 plus GST for requests made via our integrations with BGL 360, Class Super and SuperMate, and $110 plus GST for other requests.
Verus Defined Benefit Pension Certificates
Superannuation law requires SMSFs with defined pension pensions to obtain a DBP actuarial certificate every year.
Our actuarial certificates for Funds with defined benefit pension include:
Actuary's Adequacy Opinion An adequacy opinion in relation to the sufficiency of the Fund’s assets. This is the actuary’s opinion on whether or not there is a high probability that the SMSF’s assets will be sufficient to meet the future pension payments required. The adequacy opinion is also referred to as the high probability test.
Tax Exempt Percentage The tax exempt percentage in accordance with Section 295-390 of the Income Tax Assessment Act (1997). This is the percentage of the Fund’s investment income that is exempt from tax and is required before you complete the Fund’s tax return.
If your Fund is Assets Test Exempt for Centrelink purposes, you will need to provide a copy of the actuarial certificate to Centrelink before 31 December each year. If the actuarial certificate is not provided to Centrelink on time, it could impact on your entitlements.
For actuarial certificates for SMSFs with defined benefit pensions, we charge $300 plus GST.
Free Updates to Certificates
If the information you previously provided to us requires updating, we will provide an updated certificate free of charge.