Top answers this month
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Ask an Adviser - Advice on Balanced Blue Chip Index Funds
I would like to get advice on constructing a simple blue chip index fund (set and forget) - balanced fund passively managed 40% - 60% income growth.
Patrick Forrester
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Ask an Adviser - Budgeting To Reduce Your Tax
I own a rental property earning approx. $395 a week. My mortgage is $32K and I'm earning a minimum $835 fortnight for employment. I salary sacrifice 90% of my pay to a salary sacrifice credit card to use for general expenses. I'm a disability support worker so earn more depending on available work. I have $150K in an offset account. I want to reduce my tax. What could you recommend? I am thinking of renovating my rental - how much should i spend renovating/or is there a limit? Is this a good option?
Mark Welch
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Ask an Adviser - Should I Spend Some Of My House Deposit Savings On A Car?
Hello, I'm currently in 2 minds as to what I should do in regards to whether I should borrow money to purchase a new car or use some of my savings which I've put away for a house deposit? I'm hoping to start applying for home loans in a few months time but I'm in need of a new car asap. I'm only looking to purchase a car used for around $15k but don't really want to touch my deposit for a house. Will the banks look at me having a bigger asset in a $15k car better than not having a car at all even though I do owe money on the car? I currently have no debts whatsoever and no credit cards… any help would be great.
Alison Greenwood
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Ask an Adviser - Gifted Money and Centrelink Benefits
My father wants to gift my brother and myself an equal A$250,000. Will this have any impact on our declared Centrelink income (currently $130,000 combined family income) and the childcare rebate and childcare benefit?
Ben Neilson