Articles by Jason Spits

Accounting, Compliance, financial advice, Financial Planning, SMSF

Avoid direction in unlicensed advice

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

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Aged Care, Estate Planning, financial advice, Financial Planning

Make aged care part of retirement planning

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

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Division 296, SMSF, Superannuation, Tax

Sitting days may hamper Div 296 progress

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

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AFCA, Compliance, financial advice, Financial Planning, SMSF

Structure not at heart of SMSF complaints

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.

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Pensions, SMSF, Strategy, SuperStream, Tax

Pensions should not be a tax dodge

Starting a pension in an SMSF to extract large amounts of money and in the process avoiding a CGT liability may be viewed as a misuse of the fund.

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Division 296, Investments, Superannuation, Tax

Div 296 drives investment bond resurgence

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, investment bonds, retirement income, Division 296 tax, estate planning, Generation Life, Vincent Stranges, death benefit taxes

The prospect of the Division 296 tax becoming a reality has spurred interest in investment bonds as superannuants seek other tax friendly options.

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Investments, Superannuation, Tax

Super should fund tech developments

superannuation, Super Members Council, Economic Reform Roundtable, research and development, venture capital, Misha Schubert, private equity, start-ups

Australia’s pool of superannuation savings should be used to invest in new scientific and technology developments to boost returns and innovation.

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Compliance, Documentation, Investments, SMSF

Strategy reviews require evidence

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, trustees, investment strategy, minute, BT, Bryan Ashenden, written resolution, SIS Regulations

While trustees may be used to documenting their fund’s investment strategy, any changes to it must also be formally recorded for compliance purposes.

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Property, Retirement

Reverse mortgages complex and confusing

retirees, reverse mortgage, features, Seniors First, Darren Moffatt, points of difference

Reverse mortgages vary across many key details, creating difficulties for retirees in selecting a provider and product.

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ECPI, Pensions, Regulation

Failed pension process not logical

The process to rectify a pension that has not made minimum payments is difficult and will require multiple steps to achieve.

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