Articles by Jason Spits

Investments, Property

Trustees must look beyond dividends, property

SMSF share dividends property

SMSF trustees reliant on franking credits and rental income need to shift to new sources of investment growth as a result of the COVID-19 downturn.

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Retirement

Retirement models create false impressions

retirement planning models

Current retirement planning tools create false impressions about retirement balances as they do not factor in spending and lifestyle considerations.

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ATO, Superannuation

ATO, AFP investigating early access fraud

ATO early access fraud

The ATO is examining if fraud was involved in some cases of early access to superannuation that occurred via a third party and may have affected 150 people.

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Documentation

Topdocs offers free COVID-19 relief documents

Topdocs COVID-19 relief documents

Financial advisers will have free access to COVID-19 relief documents for SMSFs under a new offer from document provider Topdocs.

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Property, Superannuation

Property projects ripe for SMSFs

Property development SMSFs

The contraction of the property market and reduction in capital have created opportunities for SMSFs to become involved in property development following the recent guidelines released by the ATO.

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Documentation

Poor docs create client minefield

SMSF documents

SMSF advisers should be working to eliminate out-of-date documents that are held by trustees to prevent strife when a death benefit must be paid.

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Property, Tax

Related-party rent relief has NALI catch

rent relief NALI

SMSF trustees not offering rent relief need to consider if that move may trigger NALI when dealing with related parties.

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Documentation, Superannuation

Marsella appeal shows legal focus is on process

Marsella appeal

A recent unsuccessful appeal relating to an SMSF death benefit payment has demonstrated courts will focus on trustee obligations first rather than underlying perceptions of fairness.

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Superannuation

Early access impact overstated

early access impact

The impact of a $10,000 early access benefit on superannuation balances has been overestimated, with new modelling suggesting the decrease would be marginal.

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Financial Planning, Superannuation

New ROAs put onus on clients

early access advice

Template record of advice (ROA) documents released by five professional bodies have made it clear early access advice will be limited and at the request of consumers.

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