Articles by Jason Spits

Insurance

Deductions hit by premium rollovers

Contributions deductions rollovers

Rolling money from one super fund to pay insurance premiums in another will reduce the the level of tax deductions available for personal contributions.

read more
Investments

CSLR exclusion ignores recommendations

CSLR MIS exclusion

The exclusion of managed investment schemes (MIS) from a compensation scheme of last resort (CSLR ) ignores Hayne Royal Commission recommendations.

read more
Documentation

SMSFA issues call to action on director IDs

SMSF Association director ID

The SMSF Association has called on its members to remind their clients to apply for a director ID number and has provided guidance on the steps to make that happen.

read more
SuperStream

Three-day rollovers may hinder family SMSFs

rollover family SMSF

The three-day rollover rule under SuperStream may cause troubles for SMSFs that have admitted their children to boost balances for asset purchases.

read more
SuperStream

Clock ticking on SuperStream exemption

SuperStream exemption

The ATO exemption to allow an SMSF to make a rollover outside of SuperStream is likely to be withdrawn soon due to low levels of usage.

read more
Administration

Nil balance allowable, but risky

Nil balance SMSF

An SMSF can have members will nil-balances but avoiding those is a better compliance option.

read more
Compliance, Regulation

TBAR change to compress reporting dates

TBAR annually reported

The shift to quarterly transfer balance account reporting will compress a number of annual reporting dates into a single day not related to a fund’s annual return lodgement.

read more
Financial Planning

FPA adopts principles-based conduct code

FPA principles conduct code

The FPA has reworked its code of conduct, dropping thousands of words and adopting a principles-based model rather than lengthy rules.

read more
Annuity

Challenger offers new annuity rate

Challenger annuity rate

Challenger has released a new guaranteed fixed term annuity rate reflecting a 3 per cent increase for retirees over the past 12 months.

read more
Contributions

Recontribution strategies good for pensioners

Recontribution SMSF pension

SMSF members drawing a pension can still use recontribution strategies to reduce tax within their fund and for future beneficiaries.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.