Articles by Jason Spits

Retirement

Risk-free retirement no longer possible

risk-free retirement

The global financial crisis (GFC) put an end to the idea of risk-free retirement and retirees need to adjust their views on income to avoid negative returns in the near future, according to the head of a major exchange-traded fund (ETF) provider.

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Compliance & Regulation

Market value substitution rules not a NALI exemption

Non-arm’s length income NALI

A technical expert has warned the amendments to the non-arm’s-length income rules will still apply to an SMSF that has implemented the market value substitution measures as defined in the Income Tax Assessment Act 1997.

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Strategy

Unused concessional cap a reserve elimination tool

unused concessional cap reserve

A technical expert has advised rules that allow individuals to carry forward their unused concessional contributions cap for five years if their total super balance is below $500,000 can help to get rid of SMSF reserves.

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ATO, Investments, Superannuation

ATO to scrutinise investment strategies

ATO SMSFs investment strategy

The ATO will ask some SMSFs to produce detailed investment strategies to justify why their investments are held in single assets.

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ATO, Compliance & Regulation

NALI trustee services directive to come

NALI personal capacity

The treatment of services provided in a personal capacity to an SMSF in relation to the non-arm’s-length income rules require more clarity, according to a senior technical services executive.

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Business news

Best trustee service providers awarded

SMSF service providers

The leading service providers to SMSF trustees have been named by smstrusteenews for the seventh consecutive year.

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Fixed Income, Investments

Corporate debt offers fixed income solution

corporate loan market

An investment manager has advised SMSF investors to consider allocations to the corporate loan market to enjoy better returns than those generated by cash or government bonds.

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ASIC

Adviser banned for dishonest loans

ASIC banned SMSF adviser

A former Victorian SMSF adviser has been banned by ASIC after it found he had borrowed money from clients’ accounts and had breached a range of financial services laws.

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ATO, Superannuation

ATO acts on SMSFs with outstanding annual returns

smsf annual tax return

SMSFs that have failed to lodge an annual return or have been involved in illegal early-release efforts have been blocked by the ATO and will not be able to receive funds.

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Investments, Retirement

Plan asset allocation as if you’ll live to 100

retirees asset allocation

Retirees should plan on living to 100 and adjust their asset allocation away from growth assets and toward defensive the closer they get to that figure.

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Our Story

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