Marie G. Mont Albert, VIC 0 Likes 0 Followers I have a margin loan that I've let the interest owed on accumulate. The interest accrued offsets my tax. I'm now nearing retirement (within 2 years) and wondering if i should start paying off the interest now and close it by retirement stage. The loan was used to purchase shares and i'd like to keep the shares if possible. Should i pay it off in the next 2 years or wait until post retirement? 7 years ago
Angela A. Ardeer, VIC 0 Likes 0 Followers Hi just wanting to know what the best investment options for about $150-$200k. Was thinking a long term investment account but what would be the best way to go with that. Also I currently receive a pension so it would have to be within what I could earn in interest which is I think is approx. $200 per week. What do you consider to be my best options? 7 years ago
Gary m. Glenwood, NSW 1 Likes 0 Followers How much can I currently have in my super to be eligible for a part pension? 7 years ago
Sheree J. Healesville, VIC 1 Likes 0 Followers HiMy husband is 63 and I am 61. We are both retired, my husband at 54/11 with a defined benefit superannuation pension. I retired at 59 due to if health. My portion of superannuation is approx. $100,000 and out financial advisor is suggestion we invest in La Trobe direct mortgage fund. I would then receive any interest earned paid to me each month.What are your thoughts on this?Sheree CMelbourne. 7 years ago
Bruce O. Penrith, NSW 0 Likes 0 Followers I am 60yrs old and working full time. If I invest $50k into my super am I able to access it before my planned retirement at 65? 7 years ago
josie j. Aspendale, VIC 1 Likes 0 Followers Im 30 and work in a secure full time permanent role as a HR Manager.I have $60,000 deposit and have found a place that ticks all my boxes for $520,000My monthly salary is $5377Repayments would be $514 a week approxI have no other depts or loans. Should I take the plunge and buy or keep saving.The place is two bedroom, close to a train station 300 metres from the beach in Aspendale Vic. Are those repayments sustainable for a person on a single income? 7 years ago
Karen W. Blackstone Heights, TAS 0 Likes 0 Followers I am thinking about starting a TTR to supplement my income. I earn on average $720 per week before tax. My partner is 69 and gets a part pension. What is the best way to go about a TTR? 7 years ago
Rob S. Wyong, NSW 0 Likes 0 Followers Mum is 74 years old,living alone at home, but needs to go into a high care nursing home. She only receives a minor part pension as she has approximately $400,000 in a super based managed fund.She was told that when she goes into the nursing home she will loose all pension/care benefits as her home will be treated as an asset in full and she will have to pay maximum fees. Can she sell up and gift some funds to her children? Centerlink said 5 yrs still her asset, but what about after?re-assess? 7 years ago
Traci M. Elizabeth Downs, SA 0 Likes 0 Followers I'm on a disability pension and applying for a permanent disability claim if I get it it will be around 90000 lawyers fee approx 7000 then tax bout 5000 could you please tell me if and how this may effects my pension and family tax? 7 years ago
Jenny P. West Albury, NSW 1 Likes 0 Followers I am 55 and my preservation age is 57. I wish to access a property held by my husbands and my SMSF when I retire at 57.With the Superannuation changes from 1 Jul 17, how do I go about accessing the property or withdrawing it from the SMSF so my husband and I can live in the property. My husband is also 55 but he won't be retiring until age 60.Also, what will the taxation implications be? 7 years ago
Mark W. Campbelltown, NSW 1 Likes 0 Followers I wish to start putting some extra money aside into super myself (I earn $55k and wish to put some money aside each year (up to $5000). The question is i think this extra will be tax deductible? And also what are the requirements if we need to access it later - are we able to withdraw the money that we have put in) 7 years ago
Penny S. Bellamack, NT 0 Likes 0 Followers I currently have my superannuation with REST. I am not working at the moment and am on Centrelink benefits. I was looking at early release of super due to severe financial hardship as I qualify, however REST do not grant access due to this & I do not qualify for compassionate hardship.I am wondering is it possible to open a new super fund (one that does allow early release of super due to financial hardship), transfer some of my super from REST into that & then apply for early release? 7 years ago
Rebecca M. Busselton, WA 0 Likes 0 Followers I am about to receive a large amount of super and would like some advise on what I should do? 7 years ago
Garry J. Mildura West, VIC 2 Likes 0 Followers Hi, I am 60 years of age and was thinking of semi retiring, have 400,000 in super. My wife is still working and has about 200,000 in super. Not sure if should pull all of mine out and put in bank or agree to receive say 10% per year. New rules mean i pay 15% tax on money earned in super. What is the best way of managing my money today?CheersGarry 7 years ago
Mike W. Highett, VIC 2 Likes 0 Followers I am expecting to receive $500,000 from TPD due to illnessI also have $300,000 in SuperI am only 54yrs and my preservation age is 58yrsMy question is how to minimise the tax on the 500kDo I transfer to super (concerned with the contributions Cap or only make a partial withdrawal Could you please explain the options ?thanks 7 years ago
Lesley P. Browns Plains Bc, QLD 1 Likes 0 Followers I want to make a $50K contribution to my superannuation. Can I claim a tax deductions? 7 years ago
LYNDA F. Appin, NSW 1 Likes 0 Followers I have just been made redundant. I am 50. My husband gets the aged pension and I receive the blind pension. We have been living off that for that past year while I was off on medical leave. I have received a payout of almost $100K from my employer. My super fund says because I was made redundant I can receive a pension for life from my super. I can also take a lump sum or just leave it until later. Not sure how this will effect taxes or my husband's pension? Any advice is appreciated. 7 years ago
Sam N. Paddington, NSW 2 Likes 0 Followers If you have super in the pension phase, and the balance is, say $1.55m, but the price of shares goes up, or dividends are received, and the value goes above $1.6m, have you breached your transfer balance cap? 7 years ago
Narelle C. Brisbane, QLD 5 Likes 0 Followers My uncle lives in my grandparents house which was left 50/50 to him and my Mum when my grandparents passed - my Mum and Dads pensions are being reduced each time Centrelink review their assets as the value of the property has increased - My parents are in their late 70s and my uncle who has never moved out of home and is single has no idea of the impact to my parents. Is there any way that my parents can pass their share of the property over to us while they are alive so that they can manage ? 7 years ago
Rene B. Tanunda, SA 1 Likes 0 Followers Im a 40 year old struggling terribleI have 2 children every other weekend.I have had advice regarding my financial situation and have all said bankruptcy is my best option.Im needing to move into my own place for the sake of my children.If i go bankrupt, can i apply for early release on my super?I have nothing of my own regarding house goods. Need everything?Thankyou in advanceRene 7 years ago
