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Should I take money from my super to pay off a high-interest loan?
Withdrawing money from your super, paying off the loan and reducing your interest should give you certainty and hopefully save you money.
- by Noel Whittaker
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When will the minimum super withdrawal rate return to normal?
There has been no specific announcement from the government, but it’s expected the pandemic changes to super mandatory drawdown rates will be reverted.
- by Noel Whittaker
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Should I use the money in my offset account to pay down my mortgage?
Keeping your money in your offset account leaves you with more options down the track.
- by Noel Whittaker
Can I withdraw money from my super tax-free and recontribute it before turning 75?
Provided you make the contribution before September 28 (28 days after the month after your 75th birthday) you could use the bring-forward rule.
- by Noel Whittaker
Opinion
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Should I transfer my shares to my children before I die?
Death does not trigger capital gains tax, but it still may be advantageous to pass on your portfolio before your death.
- by Noel Whittaker
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I’m retired, can I deposit my excess cash into super?
Provided you have satisfied the age 60 retirement condition of release, you can make non-concessional contributions to your super and tax-free withdrawals.
- by Noel Whittaker
Opinion
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Can I transfer shares to my children’s super tax-free?
If you want to transfer shares to your kids, you should sit down with your accountant and work out what shares could be sold to minimise your tax liability.
- by Noel Whittaker
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Should my partner cash out my super when I die?
Transferring your superannuation to your partner when you die can have its fair share of pitfalls.
- by Noel Whittaker
Opinion
Credit cards
Out of credit? The solution for retirees who want a card
Time and time again retired Australians tell me they are unable to get a credit card of their own. But there may be a solution.
- by Noel Whittaker
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The bank wants me to combine my home loans. Should I?
Packaging an investment loan with a standard home loan can be troublesome from a tax perspective.
- by Noel Whittaker
Opinion
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Is it worth having two superannuation funds?
While it may seem like having a super fund to “live” off makes sense, there’s no need to have a separate account.
- by Noel Whittaker