10 Sep Segregated SMSF – is it a true segregation?
In light of the ATOs view, to truly segregate and avoid the need for an actuarial certificate for this type of fund, there would need to be a bank account purely for pension transactions and a bank account purely for accumulation transactions. All assets would need to be clearly identified as either a pension asset or an accumulation asset. This would need to be documented and also considered in the investment strategy.
Using the unsegregated method and obtaining an actuarial certificate can be less complicated, saving you lots of time and effort. If you currently use the segregated method, you can opt to unsegregate the fund by minuting the decision and obtaining the actuarial certificate.