Articles by Jason Spits

financial advice, Financial Planning, Regulation

Fragmented framework needs reform

The regulatory framework for advice needs reform so consumers do not have to use multiple practitioners to meet their needs.

The regulatory framework for advice needs reform so consumers do not have to use multiple practitioners to meet their needs.

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Compliance, Strategy, Trusts

Examine deeds for compensation payments

SMSF deeds factoring in provisions for receiving compensation payments should ensure they cover events even after a fund has ceased operating.

SMSF deeds factoring in provisions for receiving compensation payments should ensure they cover events even after a fund has ceased operating.

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Accounting, Compliance, financial advice, Financial Planning, SMSF

Avoid direction in unlicensed advice

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

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Aged Care, Estate Planning, financial advice, Financial Planning

Make aged care part of retirement planning

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

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Division 296, SMSF, Superannuation, Tax

Sitting days may hamper Div 296 progress

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

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AFCA, Compliance, financial advice, Financial Planning, SMSF

Structure not at heart of SMSF complaints

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.

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Pensions, SMSF, Strategy, SuperStream, Tax

Pensions should not be a tax dodge

Starting a pension in an SMSF to extract large amounts of money and in the process avoiding a CGT liability may be viewed as a misuse of the fund.

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Division 296, Investments, Superannuation, Tax

Div 296 drives investment bond resurgence

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, investment bonds, retirement income, Division 296 tax, estate planning, Generation Life, Vincent Stranges, death benefit taxes

The prospect of the Division 296 tax becoming a reality has spurred interest in investment bonds as superannuants seek other tax friendly options.

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Investments, Superannuation, Tax

Super should fund tech developments

superannuation, Super Members Council, Economic Reform Roundtable, research and development, venture capital, Misha Schubert, private equity, start-ups

Australia’s pool of superannuation savings should be used to invest in new scientific and technology developments to boost returns and innovation.

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