Articles by Jason Spits

Contributions, Superannuation

Inflation may drive TBC to $1.9m

Inflation TBC

The transfer balance cap may increase rapidly to $1.9 million, driven by the current high levels of inflation, opening up contribution opportunities.

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SuperStream

SuperStream faster if started by APRA fund

SuperStream APRA

The quickest way to roll over funds from an APRA-regulated fund using SuperStream is to ask that fund to start the process, putting the onus on it to request relevant information.

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Financial Planning

FPA, AFA put merger on the table

FPA AFA merger

The FPA and AFA have proposed a merger and will soon outline further details to their respective members.  

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Documentation

AAT case proves value of good records

AAT SMSF records

The value of good record-keeping by SMSF advisers and trustees has been proven by a recent Administrative Appeals Tribunal appeal.

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Superannuation

Super nest eggs retained for ageing, health

superannuation aged care health

Compulsory superannuation has been recognised as the key driver to build retirement savings, but most retirees plan to keep it for future health needs.

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Property

Business real property use must be fixed

Business real property use

SMSFs looking to hold business real property cannot fiddle with its use and must ensure its status was and will remain fixed.

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Financial Planning

Industry welcomes QAR proposals

Advice review proposals

Proposals from the Quality of Advice Review to shift advice away from compliance to consumers have been welcomed by a broad swathe of the advice sector.

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Estate Planning

Divorce raises estate planning questions

Divorce estate planning SMSF

SMSF trustees must consider estate planning when divorcing as binding nominations may see their former partner act for them on their death.

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Superannuation

Let everyone know who the best are

SMSF service providers

SMSF practitioners are key users of service providers and are invited to tell us which firms have led the way in the past year.

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Financial Planning

Good advice not tied to documents, processes

advice regulation content

The Quality of Advice Review has suggested regulation should focus on the content of advice instead of documents and processes.

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