Articles by Jason Spits

Contributions, Tax

Contribution claims still confusing advisers

Advisers are still confused about the process of claiming a personal deductible contribution, which requires more than just lodging a notice of intent.

Advisers are still confused about the process of claiming a personal deductible contribution, which requires more than just lodging a notice of intent.

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Estate Planning

Advisers ignoring own estate planning

SMSF practitioners are not taking their own estate planning advice, leading to lawyers having to resolve disputes upon their passing.

SMSF practitioners are not taking their own estate planning advice, leading to lawyers having to resolve disputes upon their passing.

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Division 296, Legislation, Regulation, Tax

Old claims can’t justify Div 296 start

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

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ETFs, Investments

VanEck to launch growth stock ETF

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

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Division 296, SMSF, Superannuation, Tax

Reserves treatment adds to tax deferral call

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

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Compliance, Contributions, Strategy

Compensation payments impact caps

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

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Auditing, Compliance

Separation of assets must be provable

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

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AFCA

AFCA wholesale view the new normal

AFCA’s view on who can be considered a wholesale client is binding on SMSFs since no other government or regulatory guidance has contradicted it.

AFCA’s view on who can be considered a wholesale client is binding on SMSFs since no other government or regulatory guidance has contradicted it.

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Estate Planning, SMSF, Superannuation

Avoid cookie-cutter estate plans

Trustees should be warned from using estate plans that deal with SMSFs under a will as they are unlikely to be suitable in most cases.

Trustees should be warned from using estate plans that deal with SMSFs under a will as they are unlikely to be suitable in most cases.

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