Superannuation & Investment

Brenda W.

Doncaster, VIC

0 Likes
0 Followers

I am 63, widowed, soon to retire and have inherited $400,000. I have $500,000 in my super fund and am thinking of investing the $400,000 in a small apartment instead of my super fund. Is this a wise move or should put it in my super fund? I've been told that buying an old apartment at this stage of life outside my super fund is too risky. Brenda

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3 years ago

John Stevenson

Business Advisor

Drummoyne, NSW

22 Likes
5 Followers

I need to move to an SMSF, and want to make a direct investment in a private company. Any recommendations for web based or low cost SMSF providers?

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4 years ago

Jocelyn Y.

Albany Creek, QLD

1 Likes
0 Followers

Hi, I am 70y old and on pension. My SMSF owns a vacant land and I want to build a house on it to live in.
1. Is this OK with the Superannuation rules?
2. Do I need to transfer the property from my SMSF to myself to be able to do this?
3. Transferring it from SMSF to myself I understand would attract a stamp duty. If so, how much stamp duty do I have to pay?
Thank you.

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5 years ago

Sally D.

Camden, NSW

2 Likes
0 Followers

Hello,
We’ve just been gifted our first grandchild ( hoping for many more) and want to ask about some low risk investment options that offer reasonable returns as we want to be able to contribute to their education in years to come. What options would people recommend, thank you.

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5 years ago

Ben A.

Hamilton, NSW

1 Likes
0 Followers

I have $350,000 in super and thinking of using to fund a property development in Brisbane where I can buy the property, move the existing Queenslander to own side and create space for two townhouses. The sale price is around $800,000 and I will need about $500,000 to build. I’m 53, not married, no kids and earn $180k a year. Own my own home and have an unencumbered investment property valued at $600,000. The idea would be to sell the property in Brisbane is 5 years to help fund retirement. Is this a good idea ?

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5 years ago

Ian C.

Sandy Bay, TAS

1 Likes
0 Followers

SMSF. I have worked at 2 jobs in the beginning of 2017 - 3 days a weeks a Permanent employee, the other job doing odd jobs as self employed.

I stopped the odd job role in 2017

Under the superannuation rules is this ceasing of an employment arrangement, yet still being employed as a permanent part time worker, sufficient to move me into retirement mode for my SMSF fund?

If you can locate and include any references it would be appreciated.

I am 63 years of age.

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5 years ago

Lynne B.

North Narrabeen, NSW

3 Likes
0 Followers

Hi
My partner started a retirement security plan with National Mutual (then AXA and now AMP) in 1981 when he commenced empkoyment at 19.Now, 40 years later, the account balance is $80000.The fees are very high, however, there is also an exit fee of currently over $6000 payable if he was to change funds.Did the Royal Commission look into this exit fee rip off.Would he be better to transfer funds to a good industry super fund and suck up the exit fees.He is not working at the moment, but we will have some money to put into super when our investments mature just aftwr his 60th birthday.

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6 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

What minimum amount do you need for an annuity for a a long period of time or a lifetime when you retire plus a full pension?

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6 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

Are annuities good towards retirement?

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6 years ago

Sally M.

Engadine, NSW

2 Likes
0 Followers

Hi,
Can someone explain franking credits and how they work?

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6 years ago

Lynne B.

North Narrabeen, NSW

3 Likes
0 Followers

l have just received an email from REST super stating that due to govt legislation l will automatically lose my insurance cover on 1 July 2019, unless l choose to keep it.I am not working and have not for some years.What is the best thing to do?

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6 years ago

Sean H.

Camden, NSW

1 Likes
1 Followers

I want to get some advice on buying an investment property with my daughter. The property is about $500,000 and we will be using our home as security and borrowing 100% plus costs in both names. If after a couple of years the property appreciates and my daughter can handle the loan on her own can we gift her the property without her incurring stamp duty or capital gains tax?

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6 years ago

Gavin D.

Clovelly, NSW

5 Likes
0 Followers

Hi, I am 53 and would like to know what the difference between a pension fund and a superannuation fund?

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6 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

How are the superannuation funds performing since royal commission?

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6 years ago

Jarrod W.

Elsternwick, VIC

2 Likes
0 Followers

I’m think of buying a commercial property using our SMSF and then leasing the property through my business. We operate as a sole trader is this possible or would the lease need to be in a company name?

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6 years ago

Nicholas A.

Woden, ACT

3 Likes
0 Followers

I would like to ask about a meeting my parents had with their financial advisor where it was suggested they should look at putting their money into investment bonds instead of super – they are in the mid 50’s and working full time. Is this a wise strategy?

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6 years ago

Jessie T.

Katoomba, NSW

2 Likes
0 Followers

Hi,
Just turned 60 and want to ask a question about my pension. My partner of 8 years and I have decided to go our own ways and we will look to sell a little investment property we have in Forster. It is 50/50 and probably sell for about $380,000, no debt.

I own my own home, about $640,000 so if I get $190,000 less costs from the sale, how will it affect my pension, thank you

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6 years ago

Timothy H.

Cremorne, NSW

3 Likes
0 Followers

Hi,
We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?

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6 years ago

Anthony M.

Balgowlah, NSW

2 Likes
0 Followers

Hi, my mother has retired and wants to buy into a retirement village. She has no debt on her home and wants to look at renting her existing home until the property market picks up again. That means she will need to borrow against her home to buy into the retirement village. The rent should cover the loan. Our concern with what’s gone with the Royal Commission is will she be able to get a loan? If she has to sell her home that could take a while, or worse still, she gets a bad price in an under-performing market.

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6 years ago

Geoff L.

Baulkham Hills, NSW

2 Likes
0 Followers

Hi,
I heard an ad on the radio today about buying property in Brisbane if you want to help your children. We are thinking of helping our eldest get into the market and we will have to look outside Sydney, is Brisbane the right place, what other places do people suggest. Our budget would be up to $700,000 with our son owning around 25%?

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6 years ago

I need to move to an SMSF, and want to make a direct investment in a private company. Any recommendations for web based or low cost SMSF providers?

Hello,We’ve just been gifted our first grandchild ( hoping for many more) and want to ask about some low risk investment options that offer reasonable returns as we want to be able to contribute to their education in years to come. What options would people recommend, thank you.

What minimum amount do you need for an annuity for a a long period of time or a lifetime when you retire plus a full pension?

Are annuities good towards retirement?

Hi,Can someone explain franking credits and how they work?

l have just received an email from REST super stating that due to govt legislation l will automatically lose my insurance cover on 1 July 2019, unless l choose to keep it.I am not working and have not for some years.What is the best thing to do?

Hi, I am 53 and would like to know what the difference between a pension fund and a superannuation fund?

How are the superannuation funds performing since royal commission?

I’m think of buying a commercial property using our SMSF and then leasing the property through my business. We operate as a sole trader is this possible or would the lease need to be in a company name?

I would like to ask about a meeting my parents had with their financial advisor where it was suggested they should look at putting their money into investment bonds instead of super – they are in the mid 50’s and working full time. Is this a wise strategy?

Hi,We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?

Hello,
We’ve just been gifted our first grandchild ( hoping for many more) and want to ask about some low risk investment options that offer reasonable returns as we want to be able to contribute to their education in years to come. What options would people recommend, thank you.

Hi,
Can someone explain franking credits and how they work?

Hi,
We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?