Superannuation & Investment

Trevor C.

Wallan, VIC

1 Likes
0 Followers

I'm 54 and am only able to find contractual work.
I have $250,000 in my Superannuation.
As I don't own a home and can't seem to get full time employment. What's the best option for my super?

View responses or answer (1)

8 years ago

Barbara H.

Maiden Gully, VIC

1 Likes
0 Followers

As I have no income, being retired (health reasons) and too young for the pension, what options for overseas travel are there that are cost effective but not too basic?

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8 years ago

Shay Q.

Lismore, NSW

1 Likes
0 Followers

How much equity do I need to have in my current home, for a bank to consider it as security towards buying a small investment property? We are on a very low, base income at the moment, and I would estimate our remaining mortgage represents about 20% of the property value.

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8 years ago

Rene H.

North Shore, VIC

3 Likes
0 Followers

Hi.when you have a spouse who has a low income & on dependent. What can we claim ?

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8 years ago

Dawn P.

Como, WA

2 Likes
0 Followers

I am 45, self employed and my partner is 50 and in full time employment. We have no debt and own our own home. We have $30,000 a year that we want to save. We have been advised to salary sacrifice it all into our Supers. Is this the best advice? We are moderate risk takers.

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8 years ago

Peter M.

Woody Point, QLD

1 Likes
0 Followers

Hi, I am aged 71, retired, not working, and receiving a pension from Qsuper. I have $32,000 spare. I believe I can put this money into my Super if I have a job of 40 hours in any one month. I don't have a job. My question is - what constitutes a job? Can I mow my son's lawn during June, this taking me 40 hours spread over the month. Can he pay me a minimal wage of $100.

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8 years ago

Deborah B.

Maida Vale, WA

4 Likes
0 Followers

I've been out of work for the past 9 months got very behind in my mortgage and so now that I am at preservation age I took 25K from my superannuation and paid off the mortgage debt. Today I got the bad news that I am unlikely to be able to work for at least another 6 months. I have only 13K of superannuation left. I took the 25K in late March. Can I access the remainder of my super? When? Thanks Deb

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8 years ago

Brian B.

Dapto, NSW

1 Likes
0 Followers

Hi.
I have set up a family trust with a corporate trustee and a bank account to go with it.
How do I transfer ownership of my cash to the trust.
Obviously I can put it in the account but how do I record the transfer of ownership?

View responses or answer (3)

8 years ago

Lindy R.

Coomera, QLD

1 Likes
0 Followers

I'm a new Zealand citizen but live and work in Australia. Can I take my super with me when I move back to nz?

View responses or answer (1)

8 years ago

KAHUNA H.

Morpeth, NSW

3 Likes
0 Followers

Hi Guys, I currently earn about $80K PA, my wife earns about $25K PA. Im 50 and my wife is 48. We have a standard fixed home loan of $470K. I have $600K invested. Car loan of $70K and a credit card with $25K max, $7K owing. Ive just done my 2016 tax return and have to pay the ATO back $6K :( They now also want me to advance quarterly payments of $2K starting in July. WTF!!! What can I do to reduce my income tax??? I am definitely not a rich man, but Im sure the ATO think I am!!! HELP??

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8 years ago

Clare P.

Australia Fair, QLD

1 Likes
0 Followers

My husband and I are directors of our own construction company. We have reached a point where we are out of out depth with how to measure our progress and be able to see if our business is viable and our debts measureable and managable. We are lost as to what we should do next to get our debts under control. Should we seek advice from a financial planner?..and can't our bank manager help us with this planning?

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8 years ago

Lee B.

Middlemount, QLD

1 Likes
0 Followers

Hi Im about to finalize my divorce settlement and will have a sizable amount of money with which I hope to put a deposit on a house in the next 12 months I am wondering how I should go about banking this large amount and will i have to pay tax on it now or just on the interest ?

View responses or answer (3)

8 years ago

Fay L.

Trott Park, SA

1 Likes
0 Followers

I'm having trouble paying my mortgage since acquiring a disability and having to resign my job. I'm getting married In December and so I just need to hang on to the house until then. Unsure as to best course of action right now. Should I :
1. Apply for financial hardship consideration from the bank again? Trouble is that the debt keeps getting bigger that way.
2. Apply for early access to my superannuation?
3. Ask a friend for an interest free loan?
Don't want to lose Newstart payment

View responses or answer (2)

8 years ago

Anonymous A.

Kangaroo Point, QLD

1 Likes
0 Followers

Hi. We have just sold our home and have a sum of money to put into term deposit. The bank we are currently with is backed by government for $250k deposits. Are we best to do 2 separate deposits and are we also best to have fall due in different financial year? We plan on buying again within 12 months. My partner is working however I am not at moment but plan to shortly.
Thank you

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8 years ago

Camille D.

Rose Bay, NSW

11 Likes
2 Followers

My partner and I are wanting to open a joint bank account. Both of us are long term customers with different banks, I'm with Westpac, and he's with the Commonwealth Bank. What is the best way to approach this process and what benefits should we be seeking when comparing and contrasting offers from both banks?

View responses or answer (2)

8 years ago

jasmine m.

Bouvard, WA

2 Likes
0 Followers

i have large mortgage 460000 and am 53 and earn 110000 per year. Am i better off selling and downsizing or hanging in there for market to rise?

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8 years ago

J A.

Amamoor, QLD

1 Likes
0 Followers

I have $100,000 in my SMSF and want to invest it in the stockmarket, where do I start?

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8 years ago

Anonymous A.

Melbourne, VIC

1 Likes
0 Followers

Hi, I have a credit card debt of over $3000, and I'm studying a course where I have three more payments to make of around $500 each month. I've just relocated and my income has dropped significantly and I've almoat run out of cash totally and need to buy food. I'm a bit freaked out as i need to use my card for that too now
I don't want to ask family to lend me money. Any suggestions welcome?

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8 years ago

Archie S.

Yangebup, WA

1 Likes
0 Followers

I have purchased an investment property and am renting it to my son and his family however I would eventually like to sell the property to him and his wife but as he is self employed and has four young children he would find it difficult to obtain finance. I am thinking of taking money out of my superannuation giving it to him to assist with a substantial deposit to assist in gaining finance. Do you think this would be worth considering?

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8 years ago

Sue B.

Scarborough, WA

0 Likes
0 Followers

What are reasonable/typical financial planning fees for management of approx $1.6m in my name and a SMSF?

View responses or answer (2)

8 years ago

I'm 54 and am only able to find contractual work. I have $250,000 in my Superannuation. As I don't own a home and can't seem to get full time employment. What's the best option for my super?

As I have no income, being retired (health reasons) and too young for the pension, what options for overseas travel are there that are cost effective but not too basic?

How much equity do I need to have in my current home, for a bank to consider it as security towards buying a small investment property? We are on a very low, base income at the moment, and I would estimate our remaining mortgage represents about 20% of the property value.

Hi.when you have a spouse who has a low income & on dependent. What can we claim ?

I am 45, self employed and my partner is 50 and in full time employment. We have no debt and own our own home. We have $30,000 a year that we want to save. We have been advised to salary sacrifice it all into our Supers. Is this the best advice? We are moderate risk takers.

Hi.I have set up a family trust with a corporate trustee and a bank account to go with it.How do I transfer ownership of my cash to the trust.Obviously I can put it in the account but how do I record the transfer of ownership?

I'm a new Zealand citizen but live and work in Australia. Can I take my super with me when I move back to nz?

Hi Im about to finalize my divorce settlement and will have a sizable amount of money with which I hope to put a deposit on a house in the next 12 months I am wondering how I should go about banking this large amount and will i have to pay tax on it now or just on the interest ?

i have large mortgage 460000 and am 53 and earn 110000 per year. Am i better off selling and downsizing or hanging in there for market to rise?

I have $100,000 in my SMSF and want to invest it in the stockmarket, where do I start?

What are reasonable/typical financial planning fees for management of approx $1.6m in my name and a SMSF?

I'm 54 and am only able to find contractual work.
I have $250,000 in my Superannuation.
As I don't own a home and can't seem to get full time employment. What's the best option for my super?

Hi.
I have set up a family trust with a corporate trustee and a bank account to go with it.
How do I transfer ownership of my cash to the trust.
Obviously I can put it in the account but how do I record the transfer of ownership?