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Q: What minimum amount do you need for an annuity for a a long period of time or a lifetime when you retire plus a full pension?
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Q: Are annuities good towards retirement?
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Q: Hi, I am 53 and would like to know what the difference between a pension fund and a superannuation fund?
A: So in ttr mode the accumulation fund or superannuation is where you draw money out according to how much the percentage is allowed
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Q: How are the superannuation funds performing since royal commission?
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Q: How will the findings of the royal commission affect everyone?
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Q: We have been informed NAB will be increasing the rate on our home loan by 0.16%, which is very disappointing. Our loan is $780,000 and the rate will now be 4.15% - should we be looking to refinance or is NAB just the first and the other banks will be increasing their rates soon? What is the best rate we could get if we did refinance?
A: My opinion no if your a loyal customer generally a bank needs customers so they will look after you now and in the future. Still a good interest rate shouldn’t be to concerned.Always pay more on your payments.
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Q: I am going to work as a contractor and charging $40 an hourly rate. Do I include gst in this amount of do i add the gst on?
A: Contact tax department do it legal way so you know your covered right.
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Q: We have been researching websites like RateCity and Finder where they saw home loan rates can be as low as 3.44%. Our rate is 3.99% and we contacted our broker and they said because we have only had the loan for a year we shouldn’t refinance. They said we could refinance but it would cost them money if we did and we would have to pay the fees on their behalf. Is this normal for brokers?
A: Current rate is fine continue with what you have.
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Q: I want to access cctv footage from a pub carpark of myself driving vehicle in and out of the carpark how do i do that can i just ask them.
A: Go an ask,provide details id etc
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Q: Can you get arrested and charged for driving with a disqualified license?
A: I think so
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Q: Are there lenders happy to lend money for a start-up business.?
We have a detailed business plan available and want to borrow $40,000 – no security
A: ??????
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Q: Attending my first auction tomorrow as loan approval came through yesterday. Does anyone have any words of advice or tips on bidding?
A: Take your time when you bid each time, and don’t get panicky.
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Q: Hi, I finished up with my employer of 18 years yesterday and have a good sum of money to invest. What options are there to get a reasonable return instead of the money sitting the in the bank?
A: Try Raiz Investment savings / investment account
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Q: Hi, I finished up with my employer of 18 years yesterday and have a good sum of money to invest. What options are there to get a reasonable return instead of the money sitting the in the bank?
A: I like online savers good for economy, more people save good for everyone and for everyone’s superannuation return plus you can add to it. If you want to invest in Stockmarket contact a broker or someone has good advice
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Q: My family just inherited a large sum of money and i know we don't pay tax in the inheritance but if we invest in managed funds do we pay tax on the returns we get?
A: You pay some form of tax along the way check with the right people they should know.
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Q: Who is going to win Caulfield cup?
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Q: Hi!
My youngest sister has been Granted Letters of Administration for my dad’s estate. His house is the only asset left to distribute. It’s equally owned amongst 4 siblings. 3 of us have cleaned and emptied it, ready to sell. One of my siblings is a meth addict and has since moved in to the house, without our consent. Looking for recommendations on how to go forward. We need to sell and we need to get them out to do that. I don’t know where we stand legally as we’re all equal beneficiaries. Can we force them out if they refuse to leave?
A: Police and lawyer then work from there.
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Q: When are all property, infrastructure, lend lease and ist property quarterly dividends due by date of that period quarter and how many do you receive each quarter at hostplus.?
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Q: Hi everyone, I have a question about my Super, I am 61, Lately I have been watching my super with AMP,( with them for many years) and it appears that half of my return goes in Fees and Charges? is this normal? by my calculations, and my hours being cut down, I think I will end up with less than I have now. Do I need to find another fund ?
A: Contact accountant or financial planner they will checkout or advise you what to do.
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Q: What would be a good or aggressive or safe approach when choosing options available in superannuation funds for next 4 months?
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Q: What is the best Hostplus super option to choose for someone nearly 60?
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Q: What are indexed international shares for superannuation mean?
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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!!!!!!!!!!!
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Q: Hello
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?
Thank you
Vanessa
A: Should be able to unless you have something else that is stopping you getting a part or full pension. Financial planner should assist.
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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.
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Q: Hi
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?
Thank you
A: Contact mortgage broker
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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.
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Q: Hi,
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
A: https://hbc.onegov.nsw.gov.au/#/dashboard
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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.
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Q: Hi,
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.
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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.
Good luck
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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.
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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.
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Q: What is the one thing, your major priority, you would do to help ease housing affordability in Australia?
A: Share with other people
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Q: Hi, is there a way I can calculate how much mortgage insurance will be?
A: https://www.yourmortgage.com.au/
Try this link it has a calculator
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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.
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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.
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Q: Are there any good stockbroking software to assist in buying and selling shares on the stockmarket?
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Q: What is the best superfund that has the lowest fees and best returns?
