ECPI and Actuarial certificates - tips and traps | Accurium

An SMSF that pays a retirement phases pension is entitled to claim ECPI. In 2017-18 SMSFs claimed a total of $14b in ECPI – a notional tax saving of $2.1b, making ECPI an obvious focus area for the ATO and consequently an important deduction to get right. Many accountants and administrators use specialised SMSF administration and compliance platforms to prepare annual financial statements and the SMSF Annual Return. These platforms have their own unique functionality for an SMSF that claims ECPI.

Accurium will be conducting a series of webinars with the major SMSF administration platforms to review and discuss issues, tips and traps of claiming ECPI in an SMSF. 

In this session we will be joined by the Garry Johnston from SuperConcepts to discuss the following ECPI issues:

  • Determining whether an SMSF has disregarded small fund assets
  • The effect of ECPI on claiming other fund deductions
  • Obtaining an actuarial certificate. 
In addition to our technical discussions of the above issues, SuperConcepts will also demonstrate how their SMSF administration platform, SuperMate, assists accountants and administrators to ensure that the rules for claiming ECPI will be correctly applied in relation to each of these issues.

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About Garry

Garry has 20 years’ experience in the accounting and SMSF industry, he has an extensive knowledge of SMSF products, software, administration and accounting.  He works closely with clients, taking the time to listen to their business needs and finds a solution within SuperConcepts’ suite of services.

His strong understanding of the issues accountants and SMSF professionals face, stems from the fact that he himself started his career as an accountant, working in business services, audit and SMSF compliance, before specialising in SMSFs.  In 2013, Garry became an SMSF Specialist Advisor with the SMSF Association. 



Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.