Ken OldsMortgage Broker Devonport, TAS 177 Likes 12 Followers If I purchase an investment property through my SMSF and then on reaching retirement, I choose to wind up the superfund and transfer the house to myself for Owner Occupation, do I need to pay Stamp Duty on the transfer to myself, or is this exempt.? 7 years ago
Nick B. Bayswater, VIC 0 Likes 0 Followers Hello. My names Nick. Im.just after a quick answer or your knowledge on my situation. Im single 50yrs old. With $2million in managed funds withing Anz bank. Ive been with them 10yrs now. An average of 8-9% returns. Which included 2007 GFC . I have no debts. Own my house. Now. If i retire would it be reasonable to assume a 4% SWR yearly. Say $7k monlthy withdrawal. For the next 30-40yrs.... will i still retain my principle ?. Im asking th 7 years ago
Phillip K. Elsternwick, VIC 4 Likes 0 Followers As a first time investor would you currently be recommending shares or property? 7 years ago
Carol B. Annandale, NSW 2 Likes 0 Followers I bought a property a few years ago through my self managed super fund, however at the time I was just short of the funds required to purchase so made up the difference and ended up with a small percentage ownership in the property. The superfund now has enough funds to buy my share out but I was told that I would have to sell the property to get my funds back which I don’t want to do. Why can’t I just sell the percentage of the property to the superfund so I can get back the money I put in? 7 years ago
Bob F. Melbourne, VIC 0 Likes 0 Followers I have a job that gives me 127K + suoer (9.5%) and I have applied for a NFP job that gives me 110K + salary packaging + super (9.5%). I am trying to work out what my take home pay difference will be (assuming I have HECS). Could anyone assist? I'm less concerned with knowing 'savings' obtained with salary packaging, and more concerned with take home pay (i.e net loss/gain). If necessary, welcome to assume equivalent expenses to SP value in the former to assist with comparison against latter. 7 years ago
Stephanie V. St Peters, NSW 3 Likes 0 Followers We incurred a loss on a property investment within our smsf and would like to ask if it was possible to transfer the loss into a new smsf or our personal tax? 7 years ago
Angela D. Turramurra, NSW 2 Likes 0 Followers We have a family business and would like to know if there are any restrictions for 3 or 4 of the family to set up a smsf together? 7 years ago
April C. Old Toongabbie, NSW 0 Likes 0 Followers I was looking for email subscription of Property to Prosper, as one of my friends had recommended their service. However, I could find none.I am looking forward Invest in off-the-plan as well.Do they offer advice for both? 7 years ago
Tami N. Coburg, VIC 3 Likes 0 Followers My mother’s fortnightly pension was around $360 p.f but with the recent changes to the government asset tests it is now $260 p.f. She owns her home and is worried about the lost pension and have to live off the funds in the bank. She has about $400k in the account and we would like to ask if there are other options for someone who is quite conservative to get a better return? 7 years ago
Melanie W. Woorim, QLD 0 Likes 0 Followers I’m due to inherit $300k in superannuation death benefits from my brother who passed away. I’m wanting to invest a portion of that into my superannuation fund. I’m a sole parent working full time. What are the tax implications on this, how much can I invest per year? Also, will this inheritance be classed as income for Family Tax Benefit/Centrelink reasons? 7 years ago
Russell C. Ferny Hills, QLD 0 Likes 0 Followers My wife stopped working years ago to care for our autistic son. Her super has really slowed in growth and contributions are only coming from the ones I make once a year. We will likely be on a single income for the foreseeable future so combining our two accounts into one seems to me, the most logical thing to do. I have spoken with our financial adviser and she mentioned a self managed fund, but has spoken of high costs and time involved and we are at a loss as to which way we should go now? 7 years ago
Troy D. Don, TAS 0 Likes 0 Followers Hi am looking at buying a bush block of land just for a little hobby farm. Have no intentions of building a house etc. Just wanna chop some wood and clean the place up and have a peaceful place to go and unwind. Would this be a poor investment??? 7 years ago
Christine R. Norlane, VIC 1 Likes 0 Followers Im doing some research for my parents. They own their home outright and they want to knock down that home and build another one in that place. Now do they need to re finance that home or what other options do they have to get funds for the build? 7 years ago
Ian L. Seaton, SA 0 Likes 0 Followers I have just started my job and have started saving. I would like to invest in the future be it in a term deposit or shares and would like to know how much I should save before it is worthwhile? 7 years ago
Daryl M. Lilydale, VIC 4 Likes 0 Followers We have a house that is worth approx $800,000 and we have just purchased a property in Queensland for $420,000. We would like to move up there but are unsure whether to rent out our current home or sell it? If we do sell it can we put any surplus funds into our super without it being taxed? We are about to hit our 50's and haven't got much super. We need to know what our options are. Any advice would be helpful 7 years ago
Ken OldsMortgage Broker Devonport, TAS 177 Likes 12 Followers My Dad recently passed away leaving my Mum as sole Beneficiary. There was some money in a joint Bank account and some more in Dad's own name.My Mum is already in a Nursing Home and suffering from Dementia. Will the money transferring from Dad's single name to Mum require a re-assessment of Mum's pension and whose responsibility is it to commence any necessary review ?Also if Mum was to gift some of the money to siblings, what limits apply without impacting her pension.Thanks. 7 years ago
Belinda B. Keilor East, VIC 2 Likes 0 Followers Hi,My husband and I have a property worth around 900,000. We owe the bank approx 450,000.Should we rent the property and use caladeral to purchase new property? Rental income would be around $450 per week.Or shoukd we sell and but another property outright?We also have savings of $100,000 to put towards an investmentAny ideas please Thank you 7 years ago
vivienne s. Gayndah, QLD 0 Likes 0 Followers . I have been made an offer to Rent my property with a contract to buy within 5 years. I would like some details of things that I need to look out for and advice on how Aged pension (in 2020) will be affected. What tax if any would be on the rent they pay me.? What happens if they pull out of the contract a couple years down the track.? Is it classed as income even though they are buying it.? 7 years ago
Karen W. Goulburn North, NSW 0 Likes 0 Followers We are both on Centrelink pensions we have seperated but share care and a housing place as we have two children who have severe lifelong disabilities and care for one child each. They are just about to be left a house in a will from family would it be smart to put it straight into the children's names or into one of our names as we will be lifelong guardians? 7 years ago
