Articles by Jason Spits

Superannuation, Tax

Franking credits recommendation retains tax balance

Women pushing smiley face on screen to make it green with approval

SuperConcepts has also welcomed a recommendation to retain refundable franking credits claiming it would retain the zero tax rate for those who pay no tax.

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Financial Planning, Superannuation

Retail super advice gone by 2030 but SMSFs to stay

Typewriter with the words The End written in red ink

Retail superannuation advice will disappear by 2030, subsumed by superannuation funds, but SMSF related advice will continue to remain on offer.

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Superannuation, Tax

Franking credit report suggests policy rethink needed

An alliance of 11 consumer and industry bodies has called on Labor to reconsider its franking credit policy, claiming a recent inquiry has shown it is flawed and unfair.

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Investments, Tax

Franking credit inquiry opposes refund changes

Soccer referee with red card

The final report from an inquiry into the removal of franking credits to some individuals has opposed the move, despite being split along party lines.

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Investments, Tax

Labor claims franking credit inquiry not valid

The Labor Party has accused the chair of the franking credit inquiry of breaching parliamentary standards and colluding to influence consumers.

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Accounting

NALI, LRBA changes unlikely to pass before poll

A bill to make changes to the rules around calculations for NALI and the value of assets in an SMSF with an LRBA are likely to lapse after stalling in the Senate.

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Appointments

SuperConcepts appoints permanent CEO

SuperConcepts has named an AMP senior staffer as its new permanent CEO.

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Investments, Platforms

ASIC acts on AMPFP over managed account services

Shifts in the provision of managed accounts has resulted in additional licence conditions being imposed on AMP Financial Planning.

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Investments, Pensions, Tax

ALP franking credit policy doesn’t abandon self-funded retirees

The opposition’s treasury spokesman has described Labor’s plan to scrap franking credit refunds for certain individuals as closing a loophole instead of withdrawing support for self-funded retirees.

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Pensions, Superannuation

Changes made to ECPI calculation rules

Maths on a blackboard.
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The methodology for calculating ECPI has been changed, allowing trustees in accumulation and retirement phases in one financial year to choose their preferred method of calculation.

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