Andrew Heaven Q&A

Q: Could you please explain what the Superannuation Transfer Balance Cap is and how this applies to my Retirement Income Stream? Should I wait until after 1 July to take advantage of its increase?

Q: My Super fund is asking me to do a Non-Lapsing Death Benefit Nomination. What are the significant tax implications for each beneficiary and what should I do?

Q: Could you please explain what the eligibility criteria is to contribute to Superannuation and advise what the changes are in relation to making contributions to Superannuation from 1 July 2021.

Q: Could you explain to me why there is such a large difference between the bid and offer price of shares at the beginning and end of a trading day?

Q: I am looking to invest in Managed Funds listed on the ASX. What is the difference between Listed Investment Companies (LICs) and Unlisted Managed Fund?

Q: I am an investor in the Magellan Global Fund (MGF) and I have received an offer to purchase additional units in the fund at a discount. What is the offer and should I consider this?

Q: As retirees, how can we invest for income when interest rates are so low?

Q: I have been told the government has a reverse mortgage facility that is available to older Australians. My wife is and I are both 76 years old and our home is worth about $1.2 million.

Q: My elderly widowed mother has been diagnosed with early-stage Dementia. Are we able to act on her behalf without having an Enduring Power of Attorney in place?