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Overview


The Fund Pension Policies screen allows you to request an Actuarial Certificate directly from Cumpston Sarjeant and enter the non-deductible expense proportions for a fund.

Pre-requisites


Important Prerequisites to use the Actuarial Wizard

  1. Enter all transactions for the financial year.
  2. Member(s) have been converted to pension mode.
  3. Fund relationships for the Trustee and Tax Agent have been entered.
  4. Fund Details have been entered (ABN,TFN etc).
  5. Create entries is not required to be processed to the end of the year.

Navigation


From the Main Toolbar, go to Member.

Select Fund pension policies from the list.

Requesting an Actuarial Certificate from Cumpston Sarjeant


 

  1. Select + New Actuarial Certificate.



  2. The fund's current financial year will pre-fill. Select Request Actuarial Certificate to open the Actuary Wizard.



  3. Review the Fund, Trustee and Member information. If any of this information needs to be changed you will need to update it outside of the Pension Policy screen. 



    Select the Trustees and Members tabs to review these sections. 



    Trustee Details:



    Member Details:



    To expand a section, select the arrow next to each member:



  4. Select Next >



  5. Complete and Review your contact details. This section will pre-fill based on your current SF360 license details. However, they are editable if required. Also input any additional comments on your application, including any sections of the information that you may be uncertain of. This information will be transmitted to Cumpston Sarjeant along with the application. 



  6. Select Next >



  7. Select Cumpston Sarjeant as the Actuarial Provider.



    Select Pricing Info for further cost information. 

  8. Select Submit to Actuary to submit your request from SF360 to Cumpston Sarjeant

  9. Select Click here to complete your application and the Cumpston Sarjeant website will open in a new tab for you to complete your application.

     

    Cumpston Sarjeant will not review any of the information sent until you confirm the application on their website.

Cumpston Sarjeant - Reviewing your application

 



The data sent by Simple Fund 360 will be pre-populated into Cumpston Sarjeant's web form.  

Review the data and then click on 'Preview'.

A summary of your application will then be displayed. If you are happy to proceed please click 'Finalise'

The following confirmation will appear and Cumpston Sarjeant will send a finalised actuarial certificate and invoice to your nominated email address.

Receiving the Actuarial Certificate


After processing your payment, you will receive the actuarial certificate via email (sent to the nominated email address).

You will need to ensure that the Pension Policy in SF360 reflects the official tax exempt percentage issued by Cumpston Sarjeant. In most cases this does not change, however, to update the Pension Policy in SF360, go to Members | Fund Pension Policies and click on the Actuarial % column in the Actuarial Wizard. 

A pop up box will appear displaying the Pension Policy.


  1. Ensure that the Actuarial Percentage reflects the official tax exempt percentage you have received in the Actuarial Certificate from Cumpston Sarjeant.
  2. Change the Certificate Status from Estimated to Confirmed.
  3. Then click Save

Receiving the Actuarial Certificate


After processing your payment, you will receive the actuarial certificate via email (sent to the nominated email address).

You will need to ensure that the Pension Policy in SF360 reflects the official tax exempt percentage issued by Cumpston Sarjeant. In most cases this does not change, however, to update the Pension Policy in SF360, go to Members | Fund Pension Policies and click on the Actuarial % column in the Actuarial Wizard. 

A pop up box will appear displaying the Pension Policy.


  1. Ensure that the Actuarial Percentage reflects the official tax exempt percentage you have received in the Actuarial Certificate from Cumpston Sarjeant.
  2. Change the Certificate Status from Estimated to Confirmed.
  3. Then click Save

Non-Deductible Expenses


See Fund Pension Policies for more information on non-deductible expenses.