Articles by Jason Spits

Care needed on asset sale from income stream

April 28, 2020

Trustees selling an asset segregated to a retirement income stream should document that strategy in advance to avoid ATO scrutiny over any capital gains.

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Investments

Trustees slow to adopt managed accounts

April 28, 2020

Jason Spits

SMSFs have been slow to adopt managed accounts as part of their investment holdings despite solid growth in their use outside superannuation and among financial advisers.

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Pensions

Fintech firm aiming for better pension models

April 27, 2020

Jason Spits

SMSF members will be able to better predict their future pension balances via a new series of apps under development by a retirement-focused fintech firm.

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Practice Management

WealthO2 adds digital meeting facility

April 27, 2020

Jason Spits

WealthO2 has incorporated online meeting tools into its platform with users also planning to use it after COVID-19 lockdown.

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Administration, Business News

SuperConcepts reports ongoing outflows

April 23, 2020

Jason Spits

SuperConcepts has reported an ongoing decline in assets under management in the first quarter of 2020, continuing a trend seen across 2019.

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ATO, Documentation

ATO defers SAR lodgement date

April 22, 2020

Jason Spits

The lodgement date for SMSF annual returns has been automatically pushed out to 30 June for all funds in the latest COVID-19 relief measure from the ATO.

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Pensions

SMSFs must consider all super for ECPI

April 21, 2020

Jason Spits

SMSFs should be considering their total superannuation holdings when calculating exempt current pension income to avoid using the wrong method.

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Documentation

DBA rolls out no-witness BDBN

April 20, 2020

Jason Spits

SMSF trustees will be able to execute a BDBN without the presence of witnesses under a new offering from an SMSF legal firm.

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Financial Planning

Pandemic driving interest in advice

April 20, 2020

Jason Spits

The interest in financial advice from new clients has spiked in recent weeks, alongside growing concerns from advisers about their own long-term survival.

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Superannuation

SMSFs face COVID-19 relief raids

April 16, 2020

Jason Spits

The government will look to the large sums held by SMSFs and concessions available to funds as a source of money to repay borrowings related to COVID-19 relief measures.

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