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If saving money feels like something to ignore, then changing that perspective should be your first objective.

How can I be financially responsible but still enjoy life?

To save money consistently, it has to be something you want to do, not just something you feel like you must do.

  • Paridhi Jain

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If you’re not careful, your children could be left with less than you think when you pass.

How will my super be taxed if I leave it to my kids when I die?

When you pass away, the money in your super account will be paid out as a lump sum, and, in some situations, taxed.

  • Noel Whittaker
When it comes to choosing between keeping your money in your mortgage, or investing it, it all comes down to your appetite for risk.

Should we invest the money in our redraw account, or leave it there?

When it comes to choosing between keeping your money in your mortgage or investing it, it all comes down to your appetite for risk.

  • Paul Benson
If you’re thinking of selling a property, it’s wise to get ahead of the tax office by filling out one key form.

Why is the ATO asking if I’m a foreign resident?

If you’re thinking of selling a property, it’s wise to get ahead of the tax office by filling out one key form.

  • Noel Whittaker
Locking yourself in to a strict budget can actually damage your ability to save money.

We earn $350k and have a detailed budget, so why can’t we save money?

Contrary to popular belief, your spending is not driven by a spreadsheet. It’s driven by you – your habits, behaviours, decisions, choices, and mindset.

  • Paridhi Jain
An age gap like this can provide opportunities from a tax and super perspective, but can catch you out on things like the pension.

My partner is 18 years older than me. How do we plan for retirement?

The failure of our pension system to recognise the desire for people to have their own financial agency is a major flaw.

  • Paul Benson
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If you’re planning to put money aside for a child or godchild there’s one investment option that makes the most sense.

How do we buy shares for our three-year-old godson?

When it comes to investing on the behalf of people under the age of 18, you can fall foul of some punitive tax rules.

  • Noel Whittaker
Piggy bank.

We earn $350k a year but struggle to save. What can we do about this?

If you’re struggling to save, it could just be that you’re currently in the most expensive period of your life.

  • Paul Benson
Try as you might, it can be hard to avoid being taxed on your excess super.

My super has reached $2m, can I dodge the transfer balance cap?

The transfer balance cap is a lifetime limit on the amount a person can move from super accumulation phase, and there aren’t many ways around it.

  • Noel Whittaker
When inheritance comes into play, relations with siblings can get difficult.

How do I resolve an inheritance dispute with my siblings?

The circumstances you’ve presented here appear ridiculous, and frankly, disrespectful. It may be time to take matters a step further.

  • Paul Benson

Original URL: https://www.theage.com.au/topic/ask-an-expert-1qi