Articles by Jason Spits

Investments

Bond, equity mix no longer sufficient

SMSF portfolio Steven Miller GSFM Bonds Equities

Bonds are returning to their accepted role as an offset to volatility in equities, but both should be tempered by the use of alternative assets in an SMSF portfolio.

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AFCA, Regulation, SMSFA

Govt should pay all Dixon claims

SMSF Association Dixon Advisory Compensation Scheme of Last Resort Peter Burgess

The government should recommit to funding all compensation claims related to Dixon Advisory to remove the unfair financial burden they will place on advisers.

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SMSF, Superannuation, Tax

Don’t mistake Div 296 action date

Division 296 tax SMSF total super balance $3 million MLC Julie Steed

SMSFs should not confuse when they need to act to sidestep the impact of the proposed Division 296 tax, with the critical date occurring not in 2025, but in 2026.

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Retirement

Retirees cautious about helping children

Retiree Children Financial hardship AMP retirement lifestyle downsize

Many retirees want to help their children deal with financial challenges, but are unwilling to trade off their own financial security to do so.

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ATO, Compliance, Contributions, SMSF

Deduction notice reminder issued

ATO SMSF Contribution deductions Notice of intent

The ATO has reminded SMSF members they cannot claim a deduction for personal contributions without informing their fund, which must acknowledge the course of action.

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Retirement, SMSF, Superannuation

$250,000 threshold for member moves

Investment Trends Ludovic Sevestre survey Superannuation switching member engagement Self-directed

A super balance of $250,000 is the threshold at which fund members are seeking more from their provider, with those aged 45 more likely to look at switching.

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Legislation, NALI/NALE

NALE bill in parliament stalemate

NALE Small business asset write-off Parliament House of Representatives Senate

The bill that will introduce the NALE general expenses provisions is locked up in parliament as the two houses disagree over proposed amendments.

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Legislation, Superannuation, Tax

Simpler Div 296 calculation possible

Division 296 calculation method SMSF Retail superannuation Industry superannuation MLC Julie Steed

The supposed administrative impost that led to the government’s Division 296 calculation method could have been avoided using direct reporting for the non-SMSF members affected.

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Pensions, SMSF, Superannuation

Reissue minimum pension reminder

minimum pension SMSF Superannuation Institute of Financial Professionals Australia Graeme Colley

SMSF advisers should remind clients minimum pensions must be paid in full as some are likely to reference last year’s reduced figure as a guide for this year.

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ASIC, Compliance, fraud

Ex-adviser banned for SMSF fraud

ASIC SMSF Brett Andrew Gordon Fraud

A former adviser convicted of fraud for using funds from his clients’ SMSF accounts has been permanently banned a year after he received a jail sentence for the crime.

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