Articles by Jason Spits

Admin provider beefs up contributions tool

May 6, 2021

SMSF Alliance has made changes to its contribution reporting system allowing advisers an overview of an SMSF client’s total input into their fund.

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Documentation

Death benefit control better via will

May 5, 2021

Jason Spits

SMSF members wishing to control how a death benefit will be used after their passing should look past a binding death benefit nomination and consider a trust within their will.

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Pensions, Retirement

TRIS conversion into ABP not automatic

May 5, 2021

Jason Spits

An SMSF expert has reminded practitioners a transition-to-retirement income stream will not convert into an account-based pension unless an ATO-defined process occurs.

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Contributions

Contributions reopen for back-burner clients

May 4, 2021

Jason Spits

SMSF clients with stalled contribution strategies may be able to complete those in the new financial year under pending changes resulting from indexation.

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ATO, Investments

AAT decision highlights ATO strategy focus

May 4, 2021

Jason Spits

A failed court appeal has revealed the ATO’s ongoing focus on investment strategies and ensuring transactions meet the requirements of super legislation.

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Contributions

Bring-forward pause opens contribution window

May 3, 2021

Jason Spits

Indexation of the transfer balance cap can boost a bring-forward strategy by increasing the level of a contribution that can be added to an SMSF.

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Residential Property

Islamic finance firm opens residential funds

May 3, 2021

Jason Spits

SMSFs have been given another avenue to invest in residential property via two Islamic finance group funds focused on capital growth and rental income.

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Strategy

TSB not completely locked down

April 29, 2021

Jason Spits

A seldom-used option in declaring interests in an SMSF can allow a member to adjust their total super balance downwards and get back under certain thresholds.

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Business News

SMSFA to hold in-person technical event

April 29, 2021

Jason Spits

More than a year after its last face-to-face event, the SMSF Association will hold a technical summit on the Gold Coast in July for a limited number of attendees.

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Financial Planning

Super changes at fore in post-COVID advice

April 28, 2021

Jason Spits

As COVID-19 social security measures wind down, advisers are seeking more technical help to tackle pending changes to superannuation contributions and fund balances.

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