Actuarial Certificates Actuarial certificates for SMSFs

We provide actuarial certificates for SMSFs with account based pensions (including transition to retirement pensions, allocated pensions and market linked pensions). Click here for more information on how to request an ABP actuarial certificate.

We also provide actuarial certificates for SMSFs with defined benefit pensions (including complying lifetime, complying term and flexi pensions). Click here for more information on how to request a DBP actuarial certificate.

Verus Account Based Pension Actuarial Certificates

Generally, you will need an ABP actuarial certificate for your SMSF if it has account based pensions, and was partly in retirement phase and partly in non-retirement phase during the tax year. More information about when an actuarial certificate is needed can be found here.

Rapid Turnaround Almost all of our actuarial certificates for Funds with account based pensions are issued within moments of receiving all the data required. Our online request form can also provide a draft Tax Exempt Percentage instantly.

Convenient Payment Options You have the choice to pay for the actuarial certificate at the time you submit your request, or after you have received the completed certificate and the accompanying invoice. Our online payments facility also allows you to pay multiple invoices in a single transaction. Payment is available online via credit card or a Paypal account, and offline via EFT, cheque or direct debit. We also provide our clients with the option of a monthly invoicing arrangement.

Actuarial Certificate Management Portal The Verus Actuarial Certificate Management Portal enables you to conveniently review and access all your previous actuarial certificates, as well as order new actuarial certificates.

Personalised Service from Qualified Actuaries Our actuaries are always available to provide free phone support to assist with completing our online data form and related SMSF technical matters. With Verus SMSF Actuaries you can be assured that you will receive personalised service from experienced actuaries with a detailed knowledge of SMSFs and the broader superannuation environment. At Verus, you deal directly with the actuaries providing our services, which means you always receive high quality professional advice.

Trusted and Independent Verus SMSF Actuaries is independent of any other participant in the marketplace for SMSF services and is owned and operated by qualified actuaries. The interests of our clients are therefore fully safeguarded by the strict professional requirements for integrity, confidentiality and independence of the actuarial profession.

For actuarial certificates for SMSFs with account based pensions we charge $100 plus GST for requests made via our integrations with BGL 360, Class Super and SuperMate, and $110 plus GST for other requests.

Verus Defined Benefit Pension Actuarial Certificates

Superannuation law requires SMSFs with defined pension pensions to obtain a DBP actuarial certificate every year.

Our actuarial certificates for Funds with defined benefit pension include:

Actuary's Adequacy Opinion An adequacy opinion in relation to the sufficiency of the Fund’s assets. This is the actuary’s opinion on whether or not there is a high probability that the SMSF’s assets will be sufficient to meet the future pension payments required. The adequacy opinion is also referred to as the high probability test.

Tax Exempt Percentage The tax exempt percentage in accordance with Section 295-390 of the Income Tax Assessment Act (1997). This is the percentage of the Fund’s investment income that is exempt from tax and is required before you complete the Fund’s tax return.

If your Fund is Assets Test Exempt for Centrelink purposes, you will need to provide a copy of the actuarial certificate to Centrelink before 31 December each year. If the actuarial certificate is not provided to Centrelink on time, it could impact on your entitlements.

For actuarial certificates for SMSFs with defined benefit pensions, we charge $300 plus GST.

Free Amendments to Certificates

If the information you previously provided to us requires updating, we will provide an updated actuarial certificate free of charge.