Welcome to the August edition of our FAQ! 

Tax Statements Collection

We’d like to begin by thanking our clients who have already submitted their FY2026 annual tax statements. Your support is invaluable in helping us progress through the 2026 tax processing as efficiently as possible.

Class team is currently collecting copies of FY2026 annual tax statements to build and update our central database. This database is essential for enabling Automated tax statement generation across the Class platform, benefiting the entire Class community. We would greatly appreciate it if you can provide us with the annual tax statements your funds hold.

If you have additional Annual tax statements, please continue submitting them via one of the following methods:

• Option 1: Upload via Fund Documents
  - Upload the tax statement to Fund > Fund Documents in Class, then email the fund code to support@class.com.au.

• Option 2: Email a scanned copy
  - Email a scanned copy of the tax statement directly to support@class.com.au. Please ensure any sensitive information is appropriately redacted before submission. 

You can monitor the FY2026 tax statements release process in Class via the links below:

1. Tax Statement Template 2026 – ASX Listed Securities

2. Tax Statement Template 2026 – Managed Funds

3. Tax Statement Template 2026 – mFunds

Pension Accounts

August is an ideal time to review pension accounts within your funds. Below are some key areas to consider when managing pension accounts and pension-related transactions:

• Pension Establishment
  Whether you’re setting up a new pension, converting to a TRIS, or updating the Relevant Number or more, we have Pension Establishment Summary Article which has links to all knowledge articles related to the establishment of a pension in Class.
• Pension setup for Newly uploaded funds
  For newly uploaded funds via the Fund Loader, the Condition of Release may be missing for funds that already have an established pension. As this field does not populate automatically, it is important to ensure the Condition of Release is selected manually in the Maintain Pension Establishment screen.
• Pension Review 
  Completing a pension review ensures the minimum pension is calculated correctly for the financial year. You can refer to the Pension Review article for detailed information on how to perform a pension review.
• Transaction Rules for Pension Drawdowns
  For members receiving regular (e.g., monthly) pension payments, setting up transaction rules can streamline processing and ensure payments are allocated correctly. Guidance is available in the Transaction Rules for Pension Drawdowns article.
• Checking Minimum Pension Withdrawn
  Meeting the minimum pension requirement each financial year is essential. You can monitor withdrawals by:
  - Running the Pension Limit Report from the Run Report section, or
  - Navigating to Members > Member Console, selecting the relevant financial year, and choosing Pension Limits.
  For detailed information, you can refer to the help article.

If you were unable to attend any of these webinars, we encourage you to explore the recorded sessions and download the accompanying presentation slides at your convenience.

All past webinars are easily accessible at www.training.class.com.au under the "Recorded Webinars" tab. Please ensure you are logged in to access the content.

Please keep a lookout for our in-app shoutout pop-up notifications detailing how to register for our future webinars.

To view the FAQ newsletters from previous months, please click here.