As per the following situations your SMSF may not require an actuarial certificate:
- Funds that have all members in pension phase and no accumulation accounts, as they are considered to be 100% tax free and segregated.
- When no pensions are being paid by the SMSF, which means that all members are in accumulation phase.
- When all pension assets are segregated from non–pension assets.
REMEMBER, the above are issues that auditors focus on when it comes to the audit of a SMSF. Our audits for funds start from $300 and follow a comprehensive audit plan.
DISCLAIMER: The above is general advice only, you should not act on this advice without consulting a professional adviser to discuss your personal circumstances.