ECPI and Actuarial certificates – tips and traps

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.

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. 

Mark Ellem
Garry Johnston

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