Q: What are indexed international shares for superannuation mean?
Q: Hi, I am 53 and recently divorced and under financial pressure owing $30k on credit cards. Current superannuation is around $220,000 and would like to ask if I can apply for financial hardship and use some of my super to pay off the cards?
A: Chop your credit card up number one priority if you have a job it’s fine you may be able to get a personal loan but don’t ask for redraw option with personal loan. The interest rate might be lower cause of the amount you would need to borrow. I would suggest to pay it off monthly then you can make extra payment along the way and you might be able to budget your money better rather than dipping into your super. But if you don’t have a job it will be difficult. Check a financial planner if you need advice. If you are able to get loan pay it off immediately wait till it arrives in account and ring the credit card people up to cancel card.. Old saying if you can’t afford it!!!!!!!!!!!
My husband and I have just been advised by centrelink that we are not entitled to receive the aged pension because we have too much assets in the form of money, over the $290,000 allowed savings sum. My question is when we live off our savings and deplete it to the allowed savings mount or less, will we then be entitled to receive the full aged pension?
A: Should be able to unless you have something else that is stopping you getting a part or full pension. Financial planner should assist.
Q: Hi - We have a contract cleaning business and used all our savings and profits to build the business. It is now making good money and my accountant said it would be worth around $400,000. We pay $700 rent a week and we want to know if it possible to buy a home using the property and the business as security. We would like to buy around $600-$650,000? Thanks
A: 50 50 situation depends how long the business been running.
Our home loan is with CBA $540,000 and the property would be valued around 800,000… we both work, 2 kids 8 and 10 and we don’t like credit cards. The rate is 4.19%, what is the best rate we could get by refinancing?
A: Contact mortgage broker
Q: I have a mortgage and when reviewing comparable rates I see many offers considerably below what major banks are offering. What are the risks associated with going with a second-tier or online based home loan? They offer lower rates so why doesn't everyone use them? What happens if they go broke?
A: When I borrowed a small loan at a home loan rate with cua I feel so at ease with them, because they still do checks about you through other They are great to be with. I have know problems with 2nd or 3rd tier lenders. You do everything by phone and online as well send documents via email or post no hassles they are there to help.
We are about to make a decision on which builder to use for our renovations.. we have 3 contracts around $600- 650,000 and they each have different insurances quoted. Is there a way to make sure the builder we choose has the right insurance in place? What do we need to be looking out for? thanks
Q: Hi there, over the past 12 months our business has grown from just my husband and I to 7 staff and keeping track of salaries, payroll tax, the insurances and super is not a part of our skill set. We really need help but don’t want to put on anyone full time.
Does anyone know of a bookkeeper that can handle all of this or are we better off going through a payroll agency, any recommendation would be helpful?
A: Payroll agency who will modernise your business as well, they are great.
We put an offer on a property today in Glenwood, in writing to the agent. The agent rang straight away and said the offer wasn’t high enough and we asked if that was the answer from the owner and the agent said he wouldn’t bother the owner. Do we have any rights to make sure the owner gets to see our offer?
A: Contact owner directly.
Q: Question on behalf of my mum, she is 78 and still very active. She is looking at buying a house and land package near Goulburn for $450,000 as an investment. Mum owns her own home valued at $1.2M and an investment property valued at $1.6M and she lives off her super. Apart from the super she has around $200k in savings and would use $150,000 to purchase the property. With a strong net asset position would she be able to get a loan of $300K and what lenders would look at a loan like this?
A: The accountant will have to look after this desire she has at this stage of her life, a big job indeed.
Q: Hi, ....been offered a job as a contracted courier not employee. I have to get an ABN but not sure about things like super, holidays and the taxes. I’d like to get some advice on all the questions I should be asking the business?
A: See your accountant he will set you right, it’s worth it.
Q: I have a full time job and work casually most weekends so I can save to buy a home. So far I have saved $15,000... will home loan lenders consider the money I earn on weekends as well as my full time job?
A: Yes, but need more money than that so keep saving till you reach your goal. A home loan is different to a personal loan and don’t get a credit card , old saying can’t afford it don’t by it.
Being frugal is good but you have to live without going overboard. If your just going to have 1 house in your lifetime that should be ok. That’s my thoughts have a good life and future.
Q: What is the one thing, your major priority, you would do to help ease housing affordability in Australia?
A: Share with other people
Q: Hi, is there a way I can calculate how much mortgage insurance will be?
Try this link it has a calculator
Q: What do people think of the 2018 Federal Budget?
What does it mean for Small Business Australia?
Who wins, who misses out?
A: Just the same thing over and over again. Trying to spark things up for the country and the future.
Q: Hello, I earn $120k a year and looking to buy an investment property to get into the property market.
My parents have offered to help but I have some questions as I don’t want to expose them.
If they give me 10% deposit can I borrow 90% or do they have to be on the loan?
Do they have to be on title and do they have to mortgage one of their properties?
A: Contact a mortgage broker who will assist you better. And put you on the right track if you have to contact other people.
Q: Are there any good stockbroking software to assist in buying and selling shares on the stockmarket?
Q: What is the best superfund that has the lowest fees and best returns?