Applying a cost base reset when a fund is fully segregated for part of the year.

Overview

A fund that is fully segregated for part of the financial year may wish to apply a cost base reset when the assets were fully segregated.

Example

Consider the following timeline:

The Actuary Percentage for the full fiscal year is 98%.

The fund would be eligible to apply the cost base reset between 09/11/2016 - 31/05/2017.

The following steps will be completed:

1. Input a pension policy of 100%, Simple Fund 360 will now treat the fund as fully segregated. 
2. Perform the cost base reset selecting the appropriate date.
3. Change the actuarial percentage back to the percentage received.
4. Create entries

What to do in Simple Fund 360

1. Input a pension policy of 100%
   
2. Perform cost base reset
   
3. Change actuarial percentage to percentage received
   
4. Create entries