Articles by Jason Spits

Contributions, SMSF

Threshold, cap change will pick up pace

The larger the transfer balance cap and contribution caps become, the more likely they are to change, creating opportunities to revisit them.

The larger the transfer balance cap and contribution caps become, the more likely they are to change, creating opportunities to revisit them.

read more
Auditing

Rank audit evidence by source

The quality of audit evidence will vary depending on its source and SMSF auditors are obligated to rank that information when using it.

The quality of audit evidence will vary depending on its source and SMSF auditors are obligated to rank that information when using it.

read more
Division 296, Superannuation, Tax

Balance-levelling proposal undermines Div 296

A bill has been tabled in parliament to allow couples to enact rollovers to each other to level up their super balances, with one specialist noting it could sidestep Division 296 for some couples.

A bill has been tabled in parliament to allow couples to enact rollovers to each other to level up their super balances, with one specialist noting it could sidestep Division 296 for some couples.

read more
Death benefits

Death should not alter benefit payment

A legitimate request from a member for a benefit payment should be the key driver behind its payment and death should not alter its treatment.

A legitimate request from a member for a benefit payment should be the key driver behind its payment and death should not alter its treatment.

read more
Auditing, Death benefits

Auditors can question slow benefit payments

SMSF auditors can still judge whether a trustee is lagging in the payment of death benefits even if official guidance does not mention timeframes.

SMSF auditors can still judge whether a trustee is lagging in the payment of death benefits even if official guidance does not mention timeframes.

read more
financial advice, Financial Planning

CSLR needs reform, not extra levy

An additional levy on advisers to fund the CSLR is a band-aid solution, when the compensation scheme needs to be urgently reformed.

An additional levy on advisers to fund the CSLR is a band-aid solution, when the compensation scheme needs to be urgently reformed.

read more
ATO, SMSF, SMSFA

Demographic sector shift continues

The SMSF sector has continued to expand, with ATO statistics showing the shift to younger member establishments continuing.

The SMSF sector has continued to expand, with ATO statistics showing the shift to younger member establishments continuing.

read more
Administration, Strategy

Trustee structure no lump sum barrier

An SMSF has the ability to pay lump sums to its members regardless of the trustee structure it is using, with guidance on this unchanged for decades.

An SMSF has the ability to pay lump sums to its members regardless of the trustee structure it is using, with guidance on this unchanged for decades.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.