How to Complete the Online Tax
Exempt Percentage Form
Find
our online form at www.bendzulla.com/aspcalc/S390/
This
Step by Step guide will assist you in completing the tax exempt percentage
online application form.
If
you have any questions when completing the online form simply refer to our
online help document
or give us a call on freecall 1800 203 123.
·
Make sure to
enter a valid and correct email address.
This is our primary form of contact with you.
·
Please ensure all
details are entered with correct spelling and capitalisation as how you
complete the details on the form is how they will appear on the certificate and
invoice/receipt
·
The second email
is optional, this is not a check of the first email
·
Please enter the
name of the Super Fund in FULL. The
exact name given here is what will be shown on the final certificate.
·
Please select the
appropriate financial year – the year for which you are applying for the tax
exemption
·
Select the number
of members in the Super Fund from the drop down box
·
Select ‘Yes’ if
there is a reserve account in the Fund
·
If the Fund
commenced in the selected financial year select ‘Yes’ and enter the date the
Fund commenced
·
If the Fund wound
up in the selected financial year select ‘Yes’ and enter the date the Fund
wound up
·
If the Fund contains
segregated assets at any point in the financial year select ‘Yes’ and remember
to exclude these segregated assets from the application form. For further assistance with Funds which
contain segregated assets see our online help document
What do I do if my Fund contains segregated assets?
or call us on 1800 203 123.
·
Enter the members’
names with correct spelling and capitalisation.
·
If a member
joined the fund or exited the fund in the financial year you are applying for
select Yes to a member join/exit
o
If ‘Yes’ to
member joined in year enter the date the member joined the Fund.
o If ‘Yes’ to member exit in year enter the date the member exited the Fund and select the reason for the member exit. For assistance in completing the form where there is a member exit see our help document How do I correctly show a member exiting on the application form?
·
If a pension
commenced during the financial year (including 1 July) select ‘Yes’ for the
member who commenced a pension. Enter
the dates and amounts of the new pensions.
o See the online help on how to fill out a pension commencement How do I correctly show a pension commencement or roll back
·
If a pension was
rolled back (monies were moved from pension into accumulation) select ‘Yes’ for
the member who rolled back a pension.
Enter the dates and amounts of the pension roll backs.
o See the online help on how to fill out a pension roll back How do I correctly show a pension commencement or roll back
·
If there are
spare rows left over in the pension commencement/roll back tables leave these
with any date and $0 in the cells, otherwise this will produce an error.
·
This Step
contains drop down boxes for each transaction type. For example if in total there were 10
concessional contributions made during the financial year you would select 10 from the ‘Concessional Contributions’
drop down box. Ten rows will then pop up
down in Step 5 for you to enter the date and amount of those 10 concessional contributions.
o See the online help for details on filling out the transactions section of the form How do I enter transactions correctly
·
All values given
in this table need to be given in whole dollar amounts and if there is a zero
balance put 0 in the cell.
·
Enter the opening
balances for each member for the financial year and the total fund opening
balance in the green box on the right hand side.
·
Enter the total
non-concessional contributions for each member in the yellow box under each
member column.
o
Enter the
breakdown of the total non-concessional contributions for each member into
their dates and amounts using Step 4.
·
Enter the total concessional
contributions for each member in the yellow box under each member column.
o
Enter the
breakdown of the total concessional contributions for each member into their
dates and amounts using Step 4.
·
Enter the total
transfers in for each member in the yellow box under each member column. Transfers in are monies coming into
accumulation from outside the Fund (e.g. rollovers)
o
Enter the
breakdown of the total transfers in for each member into their dates and
amounts using Step 4.
·
Enter the total
accumulation account withdrawals for each member in the yellow box under each
member column. Accumulation withdrawals
are monies withdrawn from accumulation, these include insurance premiums if
these payments are made from accumulation (if they are made from a pension
account please show these under pension payments and withdrawals).
o
Enter the
breakdown of the total accumulation withdrawals for each member into their
dates and amounts using Step 4.
·
Enter the total pension
payments for each member in the yellow box under each member column. Pension payments and commutations should
include any monies withdrawn from the pension account during the financial year
(excluding pension monies which roll back into accumulation – these should be
shown using a pension roll back).
o
Enter the
breakdown of the total pension payments using Step 4
· The size and timing of transactions can significantly affect the tax exempt percentage, it is important to make sure transactions are either listed separately on the form or are grouped appropriately. See the online help for more information in filling out the transactions section How do I enter transactions correctly
·
Enter the closing
balance of the Fund before income tax – this is the last green box in Step 5.
· Enter the balancing item. The sum of opening balances, contributions and transfers in, minus accumulation withdrawals and pension payments, plus or minus the balancing item should equal the closing balance before income tax. For more information on the balancing item see our online help Will a change to the balancing item affect my tax exempt percentage
·
If you have any
additional information you would like the actuary to see in relation to the
application select ‘Yes’ in Step 6 and detail your information in the comments
box provided.
·
The ‘Print’
button will print the application form as you see it on the screen – this
prints a hard copy
·
The ‘Save to
file’ button will save a copy of the application form as a special file type
which you can view by coming back to our website and uploading using the ‘Load
Certificate File’ button
o See the online help for more information How do I save my data and how do I reload a file?
·
Click the validate
button to progress to the Summary Screen.
If there are any issues with the application errors will appear in red
at the top of the screen. Please see our
online help for assistance in dealing with these errors
I am getting errors on the application form, how do I fix my errors?
. If there are no errors you will be taken to the Summary Screen.
·
The Summary Screen
will show you your draft percentage and downloadable draft report. These will be withheld if there were any
inconsistencies with the application that we need to check carefully. They will also be withheld if the Fund wound
up, or if a member exited the Fund as these cases in particular may require
careful checking.
· To submit your application and order the final signed report please select one of the payment options at the bottom of the page. Do this even if your percentage was withheld as we will not know to look at your application until one of these payment options is selected. See our online help for more information regarding these payment options. How do I pay for my certificate and what is the cost?
· If you do not wish to proceed with the application at this point please select the ‘Exit without ordering’ button at the bottom of the page.