Class, the provider of Class Super, Australia’s leading cloud-based solution for administering self-managed superannuation funds (SMSFs), today announced the addition of Lime Actuarial to its partner ecosystem.
Actuarial certificates are generally required for SMSFs that pay a pension income stream and have an accumulation interest. The purpose of the certificate is to determine what proportion of the fund’s income is exempt from tax.
Greg Einfeld, Director of Lime Actuarial, said: “We are pleased to be integrating the Lime Actuarial offering into the Class partner ecosystem. As a specialist SMSF actuarial certificate provider, our vision is to deliver actuarial certificates with speed, simplicity, accuracy and affordability. We believe our clients will benefit substantially from our integration with Class.”
From the Class Super application, and with a single click, users can submit an actuarial certificate request with Lime Actuarial and then have the actuarial percentage and supporting documentation returned to them in just a matter of minutes. Traditionally, completing this process manually takes up to a day or more. Once the percentage is returned to Class Super, accounts are automatically updated and the certificate stored with the record of the percentage.
Class CEO Kevin Bungard said: “Speed and accuracy in SMSF compliance are essential for actuarial service providers and their clients. As Class focuses on setting benchmarks for innovative and cost effective industry solutions, we are delighted to have Lime Actuarial as our latest industry partner.
Class now has five actuarial certificate integration partners. Lime joins Accurium, Heffron, Act2 and Haintz Actuarial in Class Super’s widening partner ecosystem.
Source: Class
