Articles by Jason Spits

Contributions

Members must track contributions

SMSF members contributions

Changes to contribution rules have put a greater onus on SMSF members to track their contributions as responsibility for this task does not rest with advisers or accountants.

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Retirement

Price hikes push up retiree cost of living

cost of living retirees

The cost of living for retirees has continued to increase off the back of higher prices, but has been in part offset by an age pension boost.

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Contributions, Tax

Contributions a main EOFY concern

superannuation contributions financial year

Financial advisers are seeking information about making personal and downsizer contributions at the end of the financial year, according to BT.

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Residential Property, Superannuation

Super, housing key to retirement security

superannuation home ownership security

Superannuation is the leading source of retirement income for many retirees, who also consider housing as central to financial security.

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Accounting

Ex-van Eyk CEO pleads guilty

van Eyk Research Thomas

Nearly eight years after van Eyk Research’s closure, its former CEO has pleaded guilty to using his position to dishonestly gain an advantage for himself.

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Investments, Strategy

Investment strategies pass muster

SMSF investment strategies

Few investment strategies are falling foul of the required standards, but the ATO has recommended trustees not rely on template solutions.

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AFCA

New AFCA model removes cross-subsidisation

AFCA funding model

Financial services firms that receive high levels of complaints will bear the brunt of costs under a new funding model released by AFCA.

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Contributions, Investments, Pensions

Poor valuations have wide impact

SMSF asset valuations

Inaccurate asset valuations can skew contributions into an SMSF and raise questions around the suitability of its investment strategy.

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ASIC, Auditing

ASIC cancels auditor registrations

ASIC SMSF auditor registration

ASIC has cancelled the registration of SMSF auditors who have continued to fail in their obligations to return annual statements.

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Property

Property valuations need proof of ownership

smsf property valuations

SMSF trustees must be able to prove property assets are held on behalf of their fund and not by them personally to avoid breaches and penalties.

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