Articles by Jason Spits

SISFA merger with TSA endorsed

April 8, 2022

SISFA will merge with Tax and Super Australia after its members unanimously agreed to the move at a recent general meeting.

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Superannuation

Budget cleans up reporting oversight

March 30, 2022

Jason Spits

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

March 30, 2022

Jason Spits

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

March 30, 2022

Jason Spits

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

March 25, 2022

Jason Spits

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

March 25, 2022

Jason Spits

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

March 25, 2022

Jason Spits

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

March 11, 2022

Jason Spits

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

March 11, 2022

Jason Spits

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

February 25, 2022

Jason Spits

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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