Articles by Jason Spits

Pensions, Superannuation

Minimum pension to stay halved

minimum pension drawdown

The minimum pension drawdown rate will remain at 2.5 per cent for another year as the government extends this COVID-19 relief measure for retirees.

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Pensions, Superannuation

ECPI draft legislation released

ECPI draft legislation

Two years after announcing changes to ECPI, the government has released draft legislation for industry consultation on the move.

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Pensions, Superannuation

Work test, legacy pension details clarified

work test bring forward

The government has clarified how the proposed work test and non-concessional contribution bring-forward rules outlined in the budget will operate.

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Contributions, Retirement

Work test to end mid-2022

work test cease

The work test on non-concessional contributions will cease from mid-2022 as the government seeks to boost the retirement savings of older Australians.

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Contributions

Downsizer open to more people

downsizer contribution extended

The downsizer contribution scheme will be extended to now start from age 60, with the government claiming the move will free up housing for younger people.

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ETFs

Bank hybrids ETF launched

betashares hybrid etf

Following the strong growth of its active hybrid ETF, BetaShares has launched a passive fund focused on hybrid securities issued by major banks.

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Residential Property

New residential property offerings released

residential property funds

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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Commercial Property, Residential Property

Offices flagging as industrial property booms

industrial property

Online working has made office properties less appealing, while online shopping has made industrial property a standout performer.

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Strategy, Superannuation

Downsizer contribution misconception clarified

downsizer contribution assets

Downsizer contributions will not be restricted only to funds secured from a property sale, with the ATO confirming its focus is on the amount and eligibility of the contribution.

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Investments

Govt bonds still attractive, but care needed

Government bonds

Government bonds are still a good source of returns as interest rates remain low, but post-COVID-19 economic activity will make careful management of them important for investors.

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