Q. Securing an affordable and comfortable Aged Care facility for your elderly loved one’s needs

Q. My father is 86 and a widower, he recently had a fall and cannot care for himself. He needs to make the move to an Aged Care facility. The cost of various facilities varies markedly, our preferred option has a deposit of $500,000 and care fees of around $26,000 a year. My dad has […]

Q. Super vs. Insurance Bonds: is it time to change your retirement vehicle?

Q. My wife and I have used Superannuation as our primary savings vehicle for Retirement. Due to the value of our accumulated Superannuation, apart from Employer contributions, we cannot put any more into Super. Should I consider Insurance Bonds? A. From 1 July 2017, individuals who have in excess of $1,600,000 in Superannuation are ineligible […]

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; […]

Q. How will the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget work?

Q. My husband and I are saving to buy our first home.  Can you please explain how the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget will work and what we need to do to take advantage of the incentive? A. From 1 July 2018, first home buyers will be able […]

Non-concessional Contribution Caps

Q: I turned 65 this financial year and I will continue to work until 30 June 2017, when I plan to retire. Given all of the changes, I have lost confidence in the super system. Can I contribute up to $540,000 into super this financial year? Can you help me?   A:  The changes from […]

Reduction in Concessional Cap

Q:  Should I be worried about the reduction in the amount that I can put into super from 1 July 2017. I am currently age 44 and earning $140,000 per annum. I am currently focused on educating my children and repaying my mortgage. I expect to have the capacity to place funds into super in […]

Should I rent or buy?

Q. My wife & I are in the late 50’s with fixed passive income of $50,000 pa from the sale of a business until 2016.  We have $300,000 in bank deposits, $60,000 in Managed investments.  We have a guaranteed annuity income of $42,000 for life from an overseas Pension from age 65. No debt,  currently renting […]

Losing money in Superannuation?

Making the right investment choice Is your investment choice costing you money or is it the best choice you have ever made? Have you made a choice? The Global Financial Crisis (GFC) which landed on our doorstep in 2008 suddenly and radically had immediate implications for superannuation investors. I remember hearing much of it in […]

What are the Age Pension consequences of mum selling her house and moving in with my family?

Q. My mum is single and due to retire next year. She currently has less than $30,000.00 in superannuation. She owns her own house outright (worth about $400,000). Ideally I would like her to live with me and we sell her house. Is there any way that we can sell her house without it affecting […]

Should I cash in my Self Managed Superannuation fund as I am 70 and looking to simplify things.

Q. My wife and I are retired, aged 70, own our own home, and have a SMSF with around $600k in term deposits (80%) and shares (20%). Given the costs to maintain this fund, and to make life (and death) simpler, would it be better to close this and just transfer all the funds to […]