Articles by Jason Spits

SuperStream

Simple SuperStream errors avoidable

SuperStream compliance errors

SMSFs are breaching SuperStream compliance rules for simple avoidable reasons stemming from a lack of understanding of the rollover process.

read more
Administration, SuperStream

Flagging SuperStream breaches vital

SuperStream breaches

SMSFs should document why outgoing rollovers may not be compliant with SuperStream rules to mitigate the possibility of penalties.

read more
Investments

Trustee expertise must fit under rules

trustee investment expertise

Trustees can use their own expertise to formulate an investment strategy, but still have to provide reasons for any large positions they may hold.

read more
Appointments

SMSF Association CEO to move on

SMSF Association chief executive

SMSF Association chief executive John Maroney will step down in 2023, with his deputy set to succeed him.

read more
Documentation, Estate Planning

Special rules can protect ageing members

special rules SMSF

The increase in the wealth of some SMSF members may require special deed rules to protect their interests as they get older.

read more
Accounting

Hardship access is fund responsibility

hardship access superannuation

Super funds have been reminded they are responsible for deciding if a member can access funds early due to financial hardship, but the criteria is very limited.

read more
Superannuation

Preserved components create opportunities

preserved benefits superannuation

The preserved nature of superannuation benefits creates planning opportunities for members receiving a split from their former spouse.

read more
AFCA, Appointments

AFCA adds ex-ASIC executive to board

AFCA Rickard

AFCA has appointed the outgoing deputy chair of the ACCC, who is also a former ASIC senior executive, to its board.

read more
Contributions

Recontribution order can shift tax position

recontribution strategy order

A change in the order of a pension drawdown and recontribution strategy may be beneficial to reduce and maximise transfer balance caps.

read more
Appointments

SuperConcepts promotes long-serving staff

SuperConcepts promoted

Two long-serving SuperConcepts staff members have been promoted to more senior roles following the release of the firm’s updated SuperMate software.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital