The Actuaries Institute’s Professional Practice Documents (PPDs) provides a strong foundation for our Members’ professional practice. Each year, all PPDs undergo a ‘health check’ to confirm their currency or status. Here’s a snapshot of the changes being made to PPDs.
Actuaries preparing exempt current pension income-related tax certificates under Professional Standard 406 and/or 409 may need to consider two new legislative developments.
When you retire, your salary stops. For people in the ‘middle Australia’ cohort – who aren’t wealthy enough to self-fund their retirement but who still want a lifestyle that's higher than what the Age Pension provides, the maths to determine how much superannuation to safely withdraw is difficult.
Actuaries and others whose work is associated with the Retirement Income Covenant will find some useful resources on the Actuaries Institute website – most of which have been prepared or updated in the last 12 months.
Posted 14 February 2022
Posted 23 March 2021
Posted 12 February 2021
