pension

It feels a little strange to be writing for Money when I have so little of it. At 38 years of age I have no investments - no house, car, shares, or stocks and very little superannuation. My annual income averages out to approximately $45,000. The few ... More

Dear Paul, We have a boat which we live on (so principal place of residence) at present we are in Turkey. Value is around $450,000. We each receive the aged pension of $721 per fortnight. We have $262,500 owed to us (as a second mortgage) from the sale ... More

Dear Paul, We need to fix our house. It needs a new kitchen and bathroom - nothing too fancy. As we are only on seniors' pensions, would getting a loan from bank instead of private lender be better? Have you any suggestions on which to choose from? ... More

With thousands of Australian expats still hoping to get back home following the global coronavirus pandemic, many will need to consider the tax implications of investments held overseas. Expats having recently returned to Australia or those contemplating ... More

Dear Paul, Years ago I had money I thought was invested by a financial adviser with a big-four bank in a portfolio that I had discussed with him at the time. He did not comply with what we both had discussed and instead put 40% in American shares. This ... More

The home is an untapped asset that can be used to fund retirement, urges the retirement income review. Australia's current retirement system consists of three pillars: the age pension, superannuation and savings, which includes the home. Typically ... More

We have all heard the saying that if you fail to plan, you plan to fail but how many truly understand the meaning of this statement. Because in my opinion, the importance of planning is understanding the impact of what you are focusing your attention ... More

The federal government's second Economic Support Payment of $750 is due to hit bank accounts this week. The tax-free payment, which is estimated to pump an extra $4 billion into the economy, is part two of the stimulus measures announced in March. You're ... More

I am 59 years old and receive the disability support pension while working part time. My mother recently passed away and an expected inheritance of $210,000 is pending. I have about $20,000 in super (before the coronavirus) and no savings. My major ... More

If you are receiving a super income stream or annuity you may have noticed your pension has recently been reduced because of the change in minimum withdrawal amounts set by the federal government. As part of the government's COVID-19 stimulus measures ... More