Super funds deliver 10% for 2009/2010 year
It was touch and go for Australian superannuation funds, enduring a shocking sharemarket performance in May and June, but super funds have stumbled over the line to deliver double-digit returns for the 2009/2010 financial year, according to rating company Chant West.
Know your super limits: Reducing CGT via concessional contributions
Q: I am one of those people (and my wife) who made the decision years ago to invest in property rather than super. Now at 60, (wife 55) I am retired and live off my property investments. I have 14 tenants in 2 separate complexes and a separate house all in different locations. I would like to get rid of the properties at about age 65.
Accessing super to buy property: part two
Q: I am 55 years of age. Can I use my super to purchase my first home in Australia? The answer is no, and yes. You must satisfy a condition of release to access super and wanting to buy a property to live in, is not considered a condition of release.
Accessing super to buy property: part one
Q: A few years back my wife and I owned six homes, five here in Australia and one in NZ, where we were caught out by a marketeer over an investment. We lost it all. Not good when you consider we are in our 50s.
