Articles by Jason Spits

BDBNs

Law can undermine deed intention

Even a minor reference to super law in an SMSF deed can undermine the trustees’ intentions in regards to death benefit nominations.

Even a minor reference to super law in an SMSF deed can undermine the trustees’ intentions in regards to death benefit nominations.

read more
Compliance, Division 296, Legislation, Regulation, Tax

Avoid Div 296 reduction strategies

The Division 296 tax liabilities are unlikely to be significant enough to justify deliberate efforts to avoid the applicable threshold.

The Division 296 tax liabilities are unlikely to be significant enough to justify deliberate efforts to avoid the applicable threshold.

read more
Auditing, Compliance, Investments, Valuations

Niche assets raise valuation difficulty

SMSFs investing in niche assets should expect an ACR each year due to the difficult nature of providing clear valuation evidence.

SMSFs investing in niche assets should expect an ACR each year due to the difficult nature of providing clear valuation evidence.

read more
NALI/NALE

Minor costs will trigger NALE

Small non-arm’s-length expenses will trigger sizeable problems for SMSFs, with auditors flagging issues as they see them.

Small non-arm’s-length expenses will trigger sizeable problems for SMSFs, with auditors flagging issues as they see them.

read more
Division 296, SMSF, Superannuation, Tax

Div 296 will still segregate tax bills

The treatment of capital gains under the Division 296 impost will not change, with individuals unable to offset personal tax with that paid by their fund.

The treatment of capital gains under the Division 296 impost will not change, with individuals unable to offset personal tax with that paid by their fund.

read more
Pensions

Commutations can create pension failure

SMSF members adhering to pension payment rules may still breach them by failing to properly commute an income stream.

SMSF members adhering to pension payment rules may still breach them by failing to properly commute an income stream.

read more
financial advice, Financial Planning, SMSF

SMSFs classed as risky in new framework

A new framework has been put forward that will simplify the provision of advice, but ranks SMSFs as complex and risky.

A new framework has been put forward that will simplify the provision of advice, but ranks SMSFs as complex and risky.

read more
Documentation, SMSF

Wind-up documents often forgotten

Advisers and trustees can forget key documents when winding up an SMSF, requiring extra vigilance from auditors with these funds.

Advisers and trustees can forget key documents when winding up an SMSF, requiring extra vigilance from auditors with these funds.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.