
Jason Spits
Senior Journalist at SMS Magazine
Financial services journalist since 1999, senior journalist @smsmagazine at present - but views are my own.
Articles
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2 days ago |
smsmagazine.com.au | Penny Pryor |Jason Spits
Schroders Australia has launched an active exchange-traded fund (ETF) targeting outperformance of the MSCI World ex Australia ex Tobacco Index after fees, while limiting risk relative to the index. The Schroder Global Core Fund – Active ETF is the fifth of its kind, with the manager noting it was released to provide investors access to its long-standing global enhanced index strategy and team. “The investment landscape is ever changing and active ETFs have been a part of that.
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2 days ago |
smsmagazine.com.au | Jason Spits
Claims the government has consulted widely on its plans to tax unrealised capital gains as part of the proposed Division 296 impost have been rejected by an industry body, which has labelled the discussions as merely a “procedural formality”.
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2 days ago |
smsmagazine.com.au | Shelley Banton |Jason Spits
The ATO has updated its website and removed its six-month guidance for paying out death benefits as soon as practicable. As we know, death benefits must be cashed as soon as practicable after the member dies, in accordance with the requirements of Superannuation Industry (Supervision) (SIS) Regulation 6.21(1).
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3 days ago |
smsmagazine.com.au | Penny Pryor |Jason Spits
Wilson Asset Management (WAM) has started a petition to oppose the federal government’s Division 296 tax proposal and it has received over 10,000 signatures in its first four days of circulation. Under the proposed changes, individuals with total super balances over $3 million will be required to pay tax on the year-on-year increase in the value of their assets above the threshold, even if the assets are not sold and no cash has been generated to fund the impost.
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3 days ago |
smsmagazine.com.au | Jason Spits
SMSF members planning to commute a legacy pension will have to wait until later this year to be certain an asset test exemption will apply as it is not active yet despite being announced in March.
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RT @smsmagazine: Article of the Week: 2024 SMSF Roundtable: Confronting Current Hurdles Key industry stake holders share their views on…

After being stalled for 5 months the bill that will bring in the Division 296 tax on #superannuation balances has finally passed the lower house and will head to the Senate, where support is not assured. https://t.co/G7s1vnhhKt @SMSFassoc

RT @smsmagazine: ✨ The latest edition of selfmanagedsuper quarterly emagazine is out now! Check it out here: https://t.co/Kz7Xa51qWN In…