Articles by Jason Spits

Ignore NFT novelty to focus on fundamentals

May 2, 2022

An increase in the supply and value of NFTs should not override superannuation regulations and trustees’ duties to adhere to their investment strategy.

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Pensions

Pensions fix creates excess trap exit

April 28, 2022

Jason Spits

Changes to pension rules will allow SMSF members to convert legacy products with excess transfer balances to new products without creating concessional contributions.

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Investments

Investment strategy apathy a sign to wind up

April 27, 2022

Jason Spits

SMSF trustees struggling with their investment strategy due to age may be best served with advice to wind up their fund.

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Insurance

Document client’s insurance refusal

April 26, 2022

Jason Spits

Instances of SMSF members opting not to discuss their insurance needs should be recorded in their file notes rather than being glossed over to prevent later disputes.

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Investments

Advised SMSFs bullish on share markets

April 26, 2022

Jason Spits

Advised SMSF investors were active share traders in the first part of the year despite fears of inflation and rising interest rates.

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Contributions

NCC changes trap failed downsizers

April 21, 2022

Jason Spits

The changes to contribution rules may trap failed downsizer contributions within an SMSF rather than returning them to the member, according to an SMSF technical expert.

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ATO

Trustees should know fund details

April 21, 2022

Jason Spits

The ATO has indicated it expects SMSF trustees to be across the details of their fund’s costs, investment and returns.

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NALI/NALE

NALE fix possible in pending changes

April 20, 2022

Jason Spits

Pending changes to contribution rules being considered by the ATO could factor in a fix for the problems with the NALE provisions presented by the superannuation industry.

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Estate Planning, Retirement