Top answers this month
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Ask an Adviser - Using The Bring Forward Rule In Superannuation
If I have greater than $1.6m in Super but my spouse has very little Super, can I utilise the bring forward rule to transfer up to $300,000 from my Super to my spouses super? Alternatively if I have up to $300,000 in a separate bank account outside of Super, can I contribute those funds into my spouses super?
Noni Long
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Ask an Adviser - Claiming Insurance Both Inside and Outside Super
If I am under claim for income insurance with a well known Australian insurer (owned by an Australian bank), is there any reason why I may or may not be able to claim TPD through my completely arms length industry super fund as well? Specifically, would the income insurance company have a problem with this and/or reduce my income insurance monthly payout?
Mish Blecher
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Ask an Adviser - Is Investing In An Apartment Complex The Best Way To Secure Retirement Income?
I'm semi- retired with a super balance of $210,000 and wish to invest $200K in a 12 unit housing complex in Esk in SE Queensland. I own the land (value $150,000). I own 4 other houses valued at $1,300,000 with a $600k mortgage. I have $75k saving, have access to $250k cash in few years and can access $150k if I sell a house now. I also have other income of Gross $36,500 pa and no dependants. I'm looking to get an income from this investment to help fund my retirement. I consider myself low-risk and would like to see a return in 5 years. Is this a good investment or is there a better way to secure retirement income?
Greg Anderson
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Ask an Adviser - What To Do With a Growing Super Pension Account
I'm 70 and retired. Despite enforced monthly withdrawals, my Super pension account balance has been steadily rising. Should I use any future monthly increase to grow my account balance or should I withdraw the gain and place the funds in my mortgage offset account? Alternatively, would I be better off using the gain to pay down my 680K mortgage?
Kevin Malcolm