The 2019 financial year has ended, and it is now time to start thinking about finalising fund accounts, audits and submitting the SMSF tax return. A part of this process will be determining if the fund has ECPI, and if so, how much. For an unsegregated fund this will require an actuarial certificate. This article will look at the certificate application process and some of the issues that we see when clients submit their application.

In response to your feedback from our recent client survey we have implemented three new features in our actuarial certificate application process.

To accommodate deemed segregation for the 2017-18 financial year onwards our actuarial certificate application form needed major updates and as a consequence the popular uniform transaction feature needed to be removed.