Author Archives: actuarialmelanie

About actuarialmelanie

I am an Actuarial Analyst with Bendzulla Actuarial based in Hobart, Tasmania. I work with the completion of SMSF Actuarial Certificates, in particular the tax exempt percentage certificates (S295-390 ITAA 1997) and the year end adequacy reports which give the adequacy opinion for defined benefit pensions in an SMSF. I am studying the actuarial exams with the goal of becoming a Fellow of the Institute of Actuaries of Australia. In my 'spare time' I love to play and coach squash.

Overview of defined benefit pensions


A defined pension as defined under Section 9A or 9B of the Social Security Act exchanges a purchase price for a specific defined income stream.  The member ceases to have an interest in the assets and the income stream is not linked to the account balance.  … Continue reading

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An update on the commencement of the debt relief for defined benefit pensions


Further to our blog post outlining the Social Security Specification which will waive the debt incurred when commuting a defined benefit pension to a market linked pension in an SMSF, this morning we received more information regarding the expected date … Continue reading

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Good News! Centrelink debt relief for SMSFs with defined benefit pensions


On 15 April 2011, Jenny Macklin, Minister for Families, Housing, Community Services and Indigenous Affairs recently issued a Specification waiving the debt incurred on the commutation of a defined benefit pension to a market linked pension.  This Specification is the Social Security … Continue reading

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Welcome to my Blog


As part of my job with Bendzulla Actuarial I work with Self Managed Super Funds, in particular Actuarial Certificates relating to S295-390 Tax Exempt Percentage Reports and Year End Adequacy Reports for SMSFs with defined benefit pensions.  I am also … Continue reading

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