Financial services journalist since 1999, senior journalist @smsmagazine at present - but views are my own.
Sydney, Australia
Joined May 2013
- Tweets1.3K
- Following121
- Followers459
- Likes1.7K
Jason Spits retweeted
Join Jason Spits for a quick roundup of this week’s most important SMSF news in the latest edition of The Week That Was — keeping you up to date on what really matters.
Don't miss this week's featured article: ow.ly/U2Qh50ZQVwX
Want more insights? Subscribe to our daily newsletter: ow.ly/xJmo50ZG0Fa
🎧 Tune in now and never miss an update!
#SMSF #selfmanagedsuper #superannuation #TWTW #smsmagazine
Our latest feature on treatment of testamentary trusts after the budget is out now. Thanks to WMM Law’s Kimberley Martin, @SUPERCentralAU’s Michael Hallinan, Sladen Legal’s Phil Broderick, @Accurium Lee-Ann Hayes, MLC’s Julie Steed, View Legal’s @matthewwburgess for their input.
#ArticleOfTheWeek: A matter of trusts
Testamentary trusts have been pulled from the taxation fire they landed in on budget night, but, as @JasonSpits writes, may still face some heat as the government reassesses their operation and who can benefit from them.
Read the full article: ow.ly/F0Lz50ZjGWM
#SMSF #Superannuation #smsmagazine #EstatePlanning #TestamentaryTrusts #TaxReform #FinancialPlanning #SuccessionPlanning #Trusts
It appears the Greens long campaign against limited recourse borrowing arrangements in an SMSF has scored a win, or perhaps the govt threw them a bone for budget support given borrowings inside an SMSF for residential property is less than 1% of all borrowings for resi property.
BREAKING NEWS: The government has decided to ban the use of LRBAs for the purpose of buying residential property in order to secure the Greens’ support for the budget. ow.ly/TOe250ZfuJn
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #LRBA #ResidentialProperty
Jason Spits retweeted
BREAKING NEWS: The government has decided to ban the use of LRBAs for the purpose of buying residential property in order to secure the Greens’ support for the budget. ow.ly/TOe250ZfuJn
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #LRBA #ResidentialProperty
Jason Spits retweeted
Members leaving an SMSF will not escape the reach of Division 296 if the fund passes the $3 million threshold in the same income year they depart. ow.ly/MQK050YyAFu
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Divisio296, #Tax
Jason Spits retweeted
@SMSFassoc #NC2026 is off to a great start! 👏
Thanks to everyone who stopped by Booth 19 to meet @DTCsmsf , @JasonSpits , Cynthia, and Vedant.
Discover smstrusteenews white-label client education and smsmagazine for the latest SMSF news.
#SMSFA #SMSF #NC2026 #smstrusteenews #smsmagazine
Less than 4 weeks after a consultation closed and much of the detail still to come in unreleased regulations…is this the way to drive #superannuation policy?
The government has introduced the revised Division 296 tax legislation into parliament less than four weeks after consultation on it closed. ow.ly/k3yA50YcLpv
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Division296 #Legislation #Tax
Jason Spits retweeted
IFPA has called on the government to look beyond the CGT discount if it is aiming to reform this area of the Australian taxation system. ow.ly/g8sv50YcLoE
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Investments #Property #ResidentialProperty #Retirement #Tax #CGT
Unsurprisingly the Div 296 super tax legislation, now in its second version, still has problems but given there was less than 7 weeks between the release of a draft and the introduction of a bill that is hardly surprising. @SMSFassoc
The SMSF Association has flagged problems still remain in the Division 296 legislation that could create unintended consequences. ow.ly/TeLI50YcLrH
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Division296 #Legislation #SMSFA #Tax
Jason Spits retweeted
SMSFs can realise capital losses as a Division 296 mitigation strategy, but need to take the right steps to avoid other tax breaches. ow.ly/uyhL50YbOYW
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine
Jason Spits retweeted
What is a single acquirable asset under an LRBA is not defined by its physical dimensions or location but also by its usage. smsmagazine.com.au/news/2026…
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #LRBA
Jason Spits retweeted
🎧 #TWTW: New Episode Live!
Join Darin Tyson-Chan for a quick update on this week’s top SMSF news, keeping you informed on what matters most in the latest edition of The Week That Was.
Read the latest edition of our quarterly magazine: ow.ly/CrAs50Y13Ro
📧 Want more insights? Subscribe to our daily newsletter: ow.ly/xC9g50Y13Rm
🎧 Tune in now and never miss an update!
#SMSF #SelfManagedSuper #Superannuation
Jason Spits retweeted
Advisers are the key funders of ASIC operations, yet no enforcement proceeds are used to bolster the sector against future problems. ow.ly/1ul850Y9gzZ
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Accounting #Advisers #ASIC
Jason Spits retweeted
High-balance SMSF members are likely to find their fund is still the most tax-effective savings vehicle despite the Division 296 tax. ow.ly/uxeS50Y9gwh
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Division296 #Strategy #Tax
Jason Spits retweeted
The payment of death benefits needs to be realigned with modern definitions of who may be considered a family member or dependant. ow.ly/AX6U50Y8BUa
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine
Jason Spits retweeted
The advice sector needs the government to re-engage in efforts to support its growth and continue with plans it has previously announced. ow.ly/ee5e50Y8BTa
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine
Jason Spits retweeted
An insurance policy that protects SMSFs and trustees from the impact of failures, fraud and regulatory action has been launched. ow.ly/sht350Y86yn
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Insurance #regulatory #fraud
Jason Spits retweeted
SMSF members who will pay Division 296 tax should look to reduce other taxable components in super when making those payments. ow.ly/5uha50Y7sKy
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Division296 #Tax #Div296
Jason Spits retweeted
Financial advice complaints received by AFCA increased markedly last year, with more expected due to the collapse of Shield and First Guardian. ow.ly/sq7g50Y7sJe
#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #AFCA #financialadvice
Jason Spits retweeted
#ArticleOfTheWeek: When GST matters
SMSFs in the main do not need to worry about the goods and services tax. @EllemMark details the situation when it does become relevant for trustees.
Read the full article: ow.ly/C3uw50Y5lH8
#SMSF #Superannuation #smsmagazine #financialadvice #trustees #servicestax #tax #accurium #GST
