ECPI CHANGES IN 2022
Another year, another change in ECPI. To properly understand the 2022 ECPI (Exempt Current Pension Income) changes, we need to start with the changes that took place back in 2017. 2017 changes Fro [...]
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Ask Lime - Episode 5
Hello and welcome to the latest edition of ASK LIME where we answer your technical SMSF questions. Today’s question is “What is happening to the Transfer Balance Cap?”. So let’s go back to 20 [...]
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ASK Lime - Episode 4
Hello and welcome to this month's episode of Ask Lime where we answer your technical questions in relation to SMSFs.This month's question is as follows: “What are Disregarded Small Fund Assets?” And I am real [...]
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ASK Lime - Episode 3
Hello and welcome to today’s edition of Ask Lime where you get to ask technical SMSF questions and we provide the answers. Today’s question is as follows: I have withdrawn more than the require [...]
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ASK Lime - Episode 2
Welcome to the latest edition of Ask Lime where we answer your SMSF technical questions. Now today’s question is as follows: “As a result of the share market falling, my Pension balance has dropped below $1. [...]
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ASK Lime - Episode 1
We get a lot of technical questions from our clients and we’re always very happy to answer them. So we decided to start a new series called “Ask Lime” where you are going to ask us questions and not onl [...]
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The Great Debate: SMSF v Industry Fund
This is a debate that will rage on forever. The SMSF golden era started in 2007 spurred on by 3 factors: The ability to contribute up to $1m in a single year, in 2007, and Weak investment returns in Industry a [...]
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The Future of ECPI
Just when we have all got comfortable with the way ECPI is calculated in Actuarial Certificates, further changes are in train... No doubt you will recall the ECPI changes that took effect from the 2017-18 financial year [...]
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Defined Benefit Pensions
Many of you have clients with Defined Benefit Pensions. These pensions were all created prior to 2007. While most of these pensions have ceased, I estimate that there are still around 1,000 in place [...]
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The New World of ECPI
Actuarial Certificates and ECPI are changing for the 2017/18 year in 4 ways: The data submitted to Lime (and other actuaries) The way ECPI is calculated The way ECPI is applied Some terminology Change in [...]
Read MoreRecent posts
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ECPI CHANGES IN 2022
08 Aug, 2022
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Ask Lime - Episode 5
24 Mar, 2021
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ASK Lime - Episode 4
20 Dec, 2020