Q. What’s the difference between Active Portfolio Management and Passive Portfolio Management?

Q. I am considering investing into shares either through Managed Funds or Exchange Traded Funds.  Can you please explain the difference between active portfolio management and passive portfolio management?  There appears to be a huge difference in costs for each approach to investing into these funds. A.  Active portfolio management focuses on outperforming the market compared to a […]

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead. How should we approach this?

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead.  He is 52 and I am 50.  His income is $170,000.  I have returned to work 3 days a week and my part time income is $36,000.  We have two children; […]

Are you better off in cancelling your Private Health Insurance?

Q. We have just been advised by our Private Health fund that our premiums are going up by more than $300 a year to around $6000 effective 1 April.  We are seriously considering cancelling the cover as we don’t see value in the ever increasing expense of cover.  We have two teenage children.  My wife […]

Q. My wife and I are both 65 years old. Can I gift my $90,000 Super to her?

Q. My wife and I are both 65 years old. Can I gift my $90,000 Super to her? A.  As you are age 65, you satisfy a condition of release so you are able to withdraw your Superannuation without restrictions.  Funds withdrawn will be tax-free as you are over age 60. If you wish to […]

Can you access your Super Fund on the ground of financial hardship? If so, what are the requirements?

Q: I am trying to transfer $50,000 from my super fund to my wife. I spoke to my super fund and they advised I could split 85% of my employer’s contributions for the 2016 financial year in 2017.  This only comes to $5,908. As I am doing this due to financial hardship is there any […]

Q. Superannuation contribution rates have now passed by Parliament. What can I contribute now and what happens after the changes take effect?

Q. I believe the changes to Superannuation contribution rates have now been passed by Parliament. Can you please explain what I can contribute now and what happens after the changes take effect. I am 59 years old, married and employed. A: Here is a summary of the current arrangements that are in place until 30 […]

Life After SMSF

What options do I have when I am too old to run my Self Managed Super Fund? Q.  My wife and I have jointly run our two-member SMSF since 1997. We are both in our 70s. Neither of us would like to continue to run the SMSF on our own in the probable event of […]

“To fix or not to fix” When is the right time to fix a home loan?

Q  Our current mortgage debt is $485,000. I have been offered what I believe to be an excellent mortgage rate of 4.75% fixed for 2 years.  My current variable rate loan is 5.3% p.a. Should I fix my home loan or hope that rates continue to fall? Should I also consider switching the loan from […]

The importance of the ‘Aged Care’ conversation with aging parents

Q. My elderly parents are planning on selling the family home and moving into an Aged Care facility.  Both parents have been assessed as requiring ACAT low level care.  There is a considerable bond to be paid and an array of ongoing care charges.  We are unsure of the impact of this decision on their […]

What to do to replace income with falling term deposit rates.

Q. I have Self Managed Super Fund and in the past 3 years the majority of the funds have been in a high interest Savings Account and Term Deposits.  Some of my Term Deposits are coming up to maturity.  The available rates on reinvestment are about two thirds of what I was previously able to […]