Articles by Jason Spits

Superannuation

Budget cleans up reporting oversight

SMSFs information

The budget has corrected an administrative oversight removing a requirement for SMSFs to report fund information only relevant for retail and industry superannuation funds.

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Pensions

Volatility drives pension reduction

minimum pension drawdown

The 50 per cent reduction in the minimum pension drawdown will remain in place until mid-2023 due to market volatility.

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NALI/NALE

Share scheme expansion needs NALE clarity

NALE share schemes

An expansion of access to employee share schemes puts more weight behind the need for clarity in the operation of non-arm’s-length expenditure rules.

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ATO, Documentation

SuperStream relief for SMSFs

superstream relief

SMSFs struggling to obtain an electronic service address for SuperStream rollovers will be able to use paper forms to action them under temporary relief from the ATO.

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NALI/NALE

Government to review NALE rules

NALE review

The federal government has responded to concerns about the impact of non-arm’s-length expenditure provisions and will move to ensure they do not go further than intended.

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Investments

Unadvised SMSFs lack investment insight

investment unadvised SMSF

SMSF trustees running their own investments lack the depth of knowledge to make the best investment decisions and should steer away from do-it-yourself solutions.

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ATO

New detailed ATO alerts not scams

ATO alerts scam

New detailed text alerts from the ATO regarding changes in an SMSF are legitimate and part of an upgraded anti-fraud system.

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Business news

SISFA in merger talks with tax body

SISFA merger

SISFA has announced plans to merge with Tax and Super Australia rolling its operations and membership into the latter and dropping its name.

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Superannuation

SMSF returns on par with APRA funds

SMSF performance

SMSF performance against APRA funds has been skewed by reporting methods and funds with balances above $200,000 perform as well as their non-SMSF counterparts.

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Regulation

Budget super measures become law

superannuation parliament

A number of key measures from the last budget have passed through parliament, while others remain in limbo before the next election.

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Our Story

selfmanagedsuper is the definitive publication covering Australia’s SMSF sector. It uniquely offers online content tailored separately for SMSF professionals and individual trustees participating in the fastest growing and largest sector of the superannuation industry. As such, it is a must read for those wanting to stay informed about the latest news, regulatory developments, technical strategies, investments, compliance, legal and administration issues concerning SMSFs.

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