Articles by Jason Spits

Superannuation

Using super for housing is lazy thinking

superannuation housing

Calls for super to be used for housing is a recycled debate stemming from the poor policy decisions and lazy thinking of previous governments

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Estate Planning

Unchecked EPOAs dangerous to clients

EPOA status

Advisers should check the status of their clients enduring power of attorney as failures cannot be addressed after they have lost capacity.

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NALI/NALE

Simple NALE fix exists in SIS Act

NALE SIS Act

The government’s NALE solution addresses a problem that no longer exists and could be easily fixed by an amendment to the SIS Act.

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SMSFA, Superannuation

Association rallies members on super objective

SMSFA superannuation objective

SMSF Association members have been called on to put forward their views regarding the proposed objective of superannuation before the industry body meets with government next month.

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NALI/NALE

NALE tax penalty creates precedent

NALE tax penalty

The proposed method to address breaches of the NALE provisions with very high taxes is too excessive and would create a new precedent for tax penalties.

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Superannuation

SMSF sector posts strong returns

SMSF returns

The SMSF sector posted strong returns on assets in the 2021 financial year, with fund sizes playing a role in the performances of individual funds.

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Investments

Advisers favouring managed accounts

SMSF managed accounts

Advisers are increasing their use of managed accounts, being drawn to them by how well they fit with the reasons people establish an SMSF.

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Superannuation

Govt proposes objective for super

objective superannuation

The government will seek industry feedback on a legislated objective for superannuation and has put forward its proposed wording.

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Superannuation

SMSFs continue steady growth in assets

SMSFs growth

The SMSF sector has pushed past the 600,000 mark with more than 1.1 million members after a high number of establishments last financial year.

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LRBA

LRBA safe harbour covers Div 7A

LRBA Division 7A

SMSFs using a Division 7A loan to fund a LRBA can meet lending requirements of tax and super law by ensuring the appropriate safe harbour rules are followed.

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