Create Entires and Actuarial Percentage

If a fund has a number of ‘create entries’ dates, the last one being 28 June, should they all be reversed before entering the actuarial percentages?

If the fund has a number of ‘create entries’ dates there is no need to reverse any of those periods as when you enter the Actuary and update the pension policy with the last create entries Actuary will be applied for the whole year regardless of the number of create entry periods.

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Thanks very much for your explanation!

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It may be my lack of understanding of the BGL response to your query but I question the comment that the Actuary would make a decision purely on the last create entries and apply this to the whole year. Previous create entries could have made major changes to the makeup of the fund and the tax consequences eg accumulation to pension. Surely the last create entries could not be the only basis for determining the pension policy?

When the Actuary % is received and when you do the final end of year create entries in SF 360, It will look at the whole year to calculate the ECPI and deductible and non deductible expenses based on the Actuary % as the final create entries will break down the different segments in the create entries report which you can use to reconcile.

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