| HOT
TOPIC |
PENSIONS TAX FREE COMPONENT CALCULATION
Pensions that were started before 1 July 2007
require the tax free component to be calculated at a trigger
event, and the proportional rule (not the fixed dollar deduct-ible
amount approach) to be used for all subsequent pension pay-ments.
A trigger event is being 60 or over at 1 July 2007, turning
age 60, death, or partial or full commutation. We have developed
a technical note to assist administrators with this calculation
for defined pensions. A penalty applies if this task is not
com-pleted in the time specified by the Regulator. For more
information, click
here.
|
| NATIONWIDE
CONTACT |
Freecall: 1800 203 123
Freefax: 1800 103 123
Email: actuarial@bendzulla.com
State postal addresses: click here
|
Brian Bendzulla
Managing Director
|
|
|
| QUICK
LINKS |
Please use the
top bar menu for full options. Below are the most popular links.
|
SMSF Actuarial Certificates
DO NOT COMPLETE ONLINE
Please download (right-click on links
for save options), complete in MS Excel and email to act@bendzulla.com
If you have any difficulty downloading please call Andy on
1800 203 123 or email
to request forms.
|
Converting Defined Pensions
|
|
|
|
|
|
|
Actuaries are
experts in assessing the financial impact of uncertain events.
The training undertaken by actuaries in mathematics, statistics
and financial matters allows them to contribute to solutions
in a wide range of business problems and issues. Actuarial
tasks often involve the practical application of probability,
present values, finance, statistics and computing.
Most actuarial tasks involve
analysing the past, modelling the future, assessing the risks
involved and communicating what the results mean in financial
terms to the client.
|
|
|
