Articles by Jason Spits

ATO

ATO discretion a compensation fix

compensation ATO

Financial services firms are making compensation payments to SMSFs even where no dispute exists and funds should inform the ATO to ensure no cap breaches occur.

read more
Superannuation

Director IDs create time pressure

SMSF directors

The directors of a corporate SMSF may find they have different time frames to apply for a director identification number dependent on when they first registered as a director.

read more
Regulation, Superannuation

Choice rules can bypass stapled fund delays

choice stapled fund

SMSF members can use choice of fund rules to bypass delays that might prevent their fund being nominated under stapled fund rules starting in November.

read more
Retirement

Retirement covenant an advice opportunity

retirement covenant advice

The Retirement Income Covenant will create further opportunities for financial advisers who can map out the income needs of clients beyond the accumulation phase and well into their retirement years.

read more
Financial Planning

Specialist oversight ignores FOFA reforms

specialist advisers FOFA

Not recognising specialist advisers ignores the intended outcomes of the FOFA reforms and shows the poor decision-making of FASEA.

read more
Pensions

Pension commutation details still lacking

Pension commutation

The absence of details regarding the commutation of market-linked pensions 10 months after changes were announced is creating uncertainty for retirees.

read more
ASIC

Jailed SMSF adviser permanently banned

jailed SMSF adviser banned

A former SMSF adviser, sentenced to six years’ jail, has also been permanently banned from providing financial services.

read more
Retirement, Superannuation

SMSFs mainly viewed as nest egg

SMSF retirement nest-egg

SMSF members have only started to reconsider superannuation as a retirement funding tool, with many still viewing it as an untouchable nest egg.

read more
Residential Property, Superannuation

Merged funds dependent on property

Merged SMSFs property

SMSFs can combine to create a six-member fund, but the process will be dependent on underlying property holdings.

read more
Cryptocurrency

SMSFs commit to cryptocurrency

SMSFs cryptocurrency

More SMSFs are committing to cryptocurrency at higher investment levels, showing they are confident in its future, according to a trading platform.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital