Jason Spits

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

@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?

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

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

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/2026/02/1… #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #LRBA

🎧 #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

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

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

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

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

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

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

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

#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

Advice provided to clients in relation to managing a Division 296 liability could be viewed as tax avoidance in some circumstances. ow.ly/8TYy50Y4MqS #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #Division296 #Tax #Div296

The ATO’s revised guidance on NALI means trustees must be very certain they won’t breach the relevant provisions before acting. ow.ly/q54a50Y4cFq #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #ATO #NALI #NALE

AMP Bank will once again provide a lending facility for people wanting to use gearing to purchase residential property for their SMSF. ow.ly/Hxol50Y4cGU #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine #LRBA #Property #Residential

🎧 #TWTW: New Episode Live! Join @DTCsmsf 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/wzX850Y13Ri 📧 Want more insights? Subscribe to our daily newsletter: ow.ly/eHjB50Y13Rh 🎧 Tune in now and never miss an update! #SMSF #SelfManagedSuper #Superannuation