Articles by Jason Spits

Death benefits locked into super

May 18, 2021

Death benefits can be hard to turn off in a superannuation environment and may even become a burden for members who don’t want them.

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ATO, Tax

No SAR extension this year

May 17, 2021

Jason Spits

Advisers and trustees should not expect any extension to the SMSF Annual Return lodgement date despite one being granted last year.

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Education, FASEA

FASEA adds to list of approved courses

May 17, 2021

Jason Spits

The list of approved courses continue to grow as Financial Adviser Standards and Ethics Authority adds two qualifications.

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Contributions

Trustees mistiming contributions reserves

May 13, 2021

Jason Spits

The early use of reserved contributions continues to trip up trustees, denying members a tax deduction, a technical expert has warned.

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Superannuation

Budget soft campaign start for next election

May 12, 2021

Jason Spits

The welcome changes to superannuation in this year’s federal budget make up part of the government’s soft campaign launch for the next election.

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Superannuation

Necessary super changes welcomed

May 11, 2021

Jason Spits

The superannuation and retirement income sector has welcomed changes announced in the budget as necessary without being too disruptive.

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Regulation, Retirement

Work test to go in mid-2022

May 11, 2021

Jason Spits

The work test on non-concessional contributions will cease from mid-2022 as the government seeks to boost the retirement savings of older Australians.

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Contributions

Downsizer extended to 60 year olds

May 11, 2021

Jason Spits

The downsizer contribution scheme will be extended to now start from age 60, with the government claiming the move will free up housing for younger people.

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Documentation