If I refresh my pension account on 1 July and continue to have segregated assets for the remaining balance of the accumulation account and the new pension account (this will contain a defined share of a property), is there any requirement to have an actuarial certificate?
A: Unfortunately the use of one property for both accumulation and pension phases isn’t recognised as a segregated asset. It must be all owned by the pension side or all owned by the accumulation side unless your actuary, tax accountant are all happy to accept something different.
If your fund will not have any accumulation money after the 1 July refresh then this would mean the fund only has pension money and an actuarial certificate would not be required.
