This Month
How can we split our super to stay under the new $3m tax threshold?
If you have a partner with a lower superannuation balance, there are strategies that can help you sidestep Division 296 tax.
November
We’re buying a bigger home. Can we still use the downsizer perk?
People over 55 can add up to $300,000 each to super from the sale of their main residence, even if they are upsizing to a new home.
How can we cut ‘inheritance’ tax on a large super balance?
The upfront capital gains tax on withdrawing the money now needs to be weighed against the potential super death benefits tax if the funds are inherited later.
October
How much of my divorce payout can I put away in super?
Using the downsizer and bring-forward non-concessional contribution rules, you may be able to deposit large lump sums into super.
Will we still inherit the family home if dad remarries?
Blended families create complications when it comes to estate planning, especially if wishes are not made clear and wills are not properly structured.
I gave money to my son, and now I’ve lost my home
Becoming the bank of mum and dad is not without its risks, especially if the arrangement isn’t formalised, experts warn.
August
My retirement budget is $120,000 a year. How much super do I need?
A mix of super withdrawals, age pension and home equity release could fund an annual retirement income of $120,000, experts say.
Should you tell the kids what’s in your will?
Many parents worry that revealing too much about their estate might discourage their children from building their own financial futures.
How much tax will I save by salary sacrificing into super?
Putting more of your pre-tax dollars into superannuation is a powerful way to increase your retirement savings, but the strategy doesn’t suit everybody.
A neobank is offering a great SMSF term deposit rate. Can I trust it?
Digital banks are governed by the same licensing arrangements and protections as regular banks.
July
I’m inheriting $300,000 from my father. Will I have to pay tax?
Sometimes it’s better to distribute shares among beneficiaries rather than selling them and passing on the cash.
We’re saving $30k a year for a deposit. Where should we keep it?
Combining a high-interest savings account and the First Home Super Saver Scheme is a powerful way to amass a deposit.
Can I take charge of mum’s shares from my feckless brother?
Siblings can challenge a power of attorney if they suspect a parent’s best interests are not being served.
My father left me out of his will. What can I do?
A court will not consider what is “fair” but whether your father had a moral obligation to provide for you.
June
Costly tax traps for dual Australia-US citizens
Most American citizens working Down Under never have to pay tax in the United States, but they can face big penalties for failing to file a US tax return each year.
May
How do I bring a UK pension back to Australia?
A UK pension can only be moved to Australia once you turn 57, but there are things you can do in the meantime.
April
Am I foolish to invest in shares when markets are so volatile?
Donald Trump’s erratic policy statements have markets in a spin. Is the best response to stop salary sacrificing into superannuation?
How can I get around health insurance waiting periods?
Many couples are tempted to cut back on private health insurance as they get older to save money, but it can backfire if you need a knee or hip replacement.
Will we have to pay tax on an inheritance from family overseas?
You will be eligible for the 50 per cent capital gains tax discount once you’ve held the asset for more than a year.
How can I add a downsizer contribution and inheritance to super?
There is the potential to contribute a combined $1.32 million to your super fund and that of your spouse.