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
Change in [...]
One of the positive by-products of the 2017 superannuation changes, is that we now have complete clarity on what constitutes a segregated fund. For example:
If a fund has only pension assets then the fund is considere [...]
There has been lots of talk in the media about the May 2016 Federal Budget proposed superannuation changes. All the talk centres on 3 changes:
Lifetime Concessional Contribution limit of $500,000
Maximum Pensio [...]
I would like to tell you about a little known ruling from the ATO. It's unfortunate that not many people know about it, because lots of people are missing out on a big opportunity.
This ruling particularly affects [...]
In August ASIC finally changed its position on the criteria for SMSFs to be classified as wholesale investors. This change was long overdue and the previous confusion caused significant inconsistency.
By way of ba [...]
The most common question we are asked is "does my SMSF need an actuarial certificate?".
The best way to start this article is to look at the situations where Actuarial Certificates are certainly not required. If a [...]
Each SMSF can either be run as a segregated or unsegregated fund. Segregated funds hold separate asset pools that are specific to different members or specific to pension versus accumulation balances. Unsegregated funds [...]
This post discusses how to get the maximum amount into super using the Bring Forward Rule. While this applies in any year, it is particularly relevant for the remainder of the 2014 financial year.
Suppose your cli [...]
In this post we discuss the Bring Forward Rule.
Non-Concessional contributions provide a great way to get money into super quickly. Up to $150,000 can be contributed each year. This will increase to $180,000 [...]
There are many different opinions on this subject. Like any other actuary, my answer is "it depends". Apart from the financial perspective, members should also look at their investment knowledge and appetite to hav [...]